NZ: Stellar read of business activity - TDS

Research Team at TDS, notes that it was another stellar read on NZ’s Business Activity for Sep, which jumped from 33.7 to 42.4, rising to the highest levels since July 2014.

Key Quotes

“The Confidence index also spiked from 15.5 to 27.9. Employment intentions and profit expectations rose, but year ahead inflation expectations were unchanged. 

The RBNZ also published August Credit data showing total lending up +8.7%/yr, gaining the most since May 2008.”