Business confidence survey one of the clues to RBNZ's next move

Sun, 29 Sep 2019

By Jenny Ruth Sept. 30 (BusinessDesk) - The next clue to what the Reserve Bank might do in November will be this afternoon's business confidence survey. The ANZ Bank monthly survey's headline index registered pessimists at a net 52.3 points in August, the weakest since 2008 and up from the 44.3 point reading in July – a reading of zero would be neutral. “That's definitely a really important piece of the puzzle and it's looking really ugly,” says Mark Lister, head of wealth research at Craigs Investment Partners. “If it's weak again,...

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