Wednesday, 22nd January, 2020

The first key NZ economic data releases of the year painted a mixed picture for the current state of the economy. The NZIER Quarterly Survey of Business Opinion confirmed a stabilisation in business confidence over the final quarter of 2019, but levels of confidence and reported activity remained weaker than ASB had expected and suggests any rebound in growth over 2020 will be gradual. On the other hand, the housing market continues to fire, with Auckland demand bouncing back to life and low supply fuelling house price growth.

 

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