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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

New Zealand Business Confidence Remains Solid

January, 17 2017
watermark Economic news


For the months of October to December 2016, the state of the New Zealand economy kept an optimistic stance as the region’s construction projects thrive continuously coupled with the increase in the price of dairy products which made the rural region's confidence bounced back due to this recovery.

Based on the poll conducted by the New Zealand Institute of Economic Research, the seasonally adjusted net of firms is 26 percent.

Stronger trading for the last three months of 2016 showed 21% net and 25% expansion is expected for the next quarter.

Christina Leung, the principal economist from NZIER, said the business confidence index (BCI) is strong due to high demand in construction. While the net of South Island companies is 32% and for the lower North Island firms hit 30% versus 25 and 19 percent results in September.

Economists from ASB Bank assessed that the country’s economy will rose by 3.5 percent for this year since the tourism sector advanced as well.  


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.