New Zealand’s ANZ Activity Outlook slipped to 47.9 in September from 48.2 previously. The move keeps the index below the 50 mark, a level commonly used to indicate contraction versus expansion in sentiment and activity expectations.
Ongoing Weakness In Activity Outlook
The latest reading suggests conditions remain subdued as the survey points to ongoing weakness in forward-looking indicators.
Near-Term Economic Expectations
The marginal fall from August leaves the measure close to recent lows and extends a run of readings consistent with a soft near-term outlook for the economy.
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