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NZ Q1 Business Confidence & Capacity Utilisation

The NZ Q1 Business Confidence & Capacity Utilisation figures have just been released.

The NZ Q1 Business Confidence came in worse compared with the previous quarter:

+16% versus +26 % in 4Q 2016

Q1 Capacity Utilisation rose to a record 93.6%, from the previous quarter’s 92.7%.

The NZD is little changed in immediate response.

Current indicative levels are:

NZDUSD 0.7005 / 0.7030
NZDAUD 0.9215 / 0.9240
NZDEUR 0.6565 / 0.6590
NZDGBP 0.5605 / 0.5630
NZDJPY 77.65 / 77.90

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