National Bank of New Zealand Release: June 27th 2012

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This evening we have the NBNZ Confidence being released. The index measures the business confidence in the economy of New Zealand. The info is derived from about 1,500 businesses rating the relative 12 month outlook.

Business confidence in any economy is a critical sign of the shape of a particular economy. An increase in business confidence means that consumers are purchasing products and services. If businesses are flourishing, that is a good sign that an economy is flourishing.

Last month the index hit it’s lowest point since December. This week so far the New Zealand Dollar hasn’t shown much strength. Tonight’s volatility could bring some defined movement to New Zealand Dollar.

At 9pm tonight the NBNZ (National Bank of New Zealand) confidence will be released.
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