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ANZ has released its New Zealand business outlook, which has recorded record lows across the board:
It’s the first look at business confidence levels since the start of the lockdown. And it’s a shocker…
“The preliminary data for April saw every activity indicator plunge. Most hit record lows by a very large margin,” ANZ Chief Economist, Sharon Zollner said.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.