Forex Flash: Tomorrow's NZIER Business Confidence in NZ to signal solid growth - BNZ

FXstreet.com (Barcelona) - Tomorrow will come a key risk event for the Kiwi, and “we expect tomorrow’s NZIER Quarterly Survey of Business Opinion to signal solid growth in the bulk of the economy,” says Craig Ebert, Senior Economist at BNZ, adding: “Admittedly, the QSBO doesn’t survey farmers directly, so will miss much of the drought impact, or the canvas the public sector, so will overlook the fiscal consolidation at play.”

“Still, it does provide excellent insight into how the vast majority of the private sector economy is travelling,” the analyst expands, while “We believe this will be upbeat,” Craig adds. “And the QSBO capacity indicators will signal more inflation risk than is apparent in the immediate headline CPI,” Mr Ebert concludes.