New Zealand data today is expected to show strong inflationary pressure

Due at 0100 GMT are the flash readings for the ANZ business survey for April (i.e. preliminary results)

A couple of snippets from previews, BNZ:

  • expected to show strong inflationary pressure alongside middling activity indicators.

Westpac:

  • April is likely to see a deterioration in the ANZ Business Outlook survey and a continued divergence across sectors. 
  • In late March, the Government announced major interventions in the housing market. These changes are likely to be a drag on house prices and confidence.

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