New Zealand data: ANZ consumer confidence +2.9% m/m




ANZ summary of the even stronger NZ economic data:

  • Consumer confidence has hit a three-year-olds in September. It points to a decent pace of spending and growth of the business.
  • The softer housing market and the election uncertainty have failed to dent consumer optimism.
  • House price expectations has cooled, while inflation expectations have been
    stable

Today is the highest level since the month of July 2014. This survey from ANZ also assesses inflation expectations :

  • Came in balance on the month at 3.1% (slightly increased from 3.0%).

Stay tuned:

  • The USD/CNY reference rate for the day to come
  • At the bottom of the hour, this is the Aussie jobs report: Australian Labour Market Report for the month of August due today — insights
  • At the end of the hour (02: 00 GMT) — China data
  • China August data for:

    • Industrial Production y/y expected 6.6%, before was 6.4%
    • The industrial production YTD y/y expected of 6.8%, before was 6.8%
    • Fixed assets (excluding rural) YTD y/y, expected 8.2%, prior was + 8.3%
    • Retail Sales y/y, expected 10.5%, prior was 10.4%
    • Retail Sales YTD y/y, expected 10.4%, prior was 10.4%

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