NZ data: April Business Confidence -43.8% (prior -43.4%)

ANZ New Zealand business survey

• business confidence worsens to -43.8% vs. -43.4% in March
• activity outlook is slightly better at -7.6% vs. -8.5% in February

In the CPI, ANZ says:

• Inflation indicators continue to fall, as the RBNZ will be expecting, given their forecast for inflation to fall steadily over the next year.