Halloween edit: New Zealand business confidence - ANZ

Analysts at ANZ noted that there aren’t many zombie firms in the New Zealand economy as business confidence remains at solid levels.

Key Quotes:

"Business sentiment dipped in October. The level is still elevated so we are not reading too much into it.

Businesses remain upbeat about the economy, their own prospects, profitability and employment.

The economic cauldron is still boiling away nicely. However, more difficulty in accessing credit and skilled labour could tip some cold water on the fire eventually. That’s a normal business cycle in operation so nothing to fret about.

Pricing intentions are (barely) off their lows and inflation expectations are still flat at 1.4%."