New Zealand ANZ job ads for July: +3.1% m/m (prior -1.6%)

Prior revised to -1.3% from -1.6%

+4.7% y/y (this a 3 month MA basis) from +3.0% in the previous month

ANZ comments:

• unusually high healthcare ads
• labour market resilient
• downbeat business sentiment
• clouds may be forming over the outlook

On the 'clouds', ANZ pointing to activity expectations declining, along with intentions to hire

NZD down a few pips. We get official jobs data from NZ just 4 times a year (quarterly) so the market does tend to cast around for job market indications such as this one.