新西兰商业信心减弱，但通胀压力加剧——澳新银行调查。新西兰商业信心从2月份的极端高点回落，但仍保持坚定的扩张性，澳新银行商业展望标题指数下降5点至59.2。尽管行业分歧正在扩大，但活动指标仍然稳健。

NZ business confidence eases but inflation pressures build – ANZ survey.New Zealand business confidence retreated from extreme highs in February but remains firmly expansionary, with the ANZ Business Outlook headline index easing 5 points to 59.2 Activity indicators remain solid, though sector divergence is widening.

新西兰澳新银行2月份商业信心从之前的64.1降至59.2。新西兰澳新银行2月份商业信心从之前的64.1降至59.2

New Zealand ANZ Business Confidence dipped from previous 64.1 to 59.2 in February.New Zealand ANZ Business Confidence dipped from previous 64.1 to 59.2 in February

受美国贸易不确定性影响，新西兰元升至0.5950以上。受美国贸易不确定性影响，新西兰元升至0.5950以上

New Zealand Dollar drifts higher above 0.5950 on US trade uncertainty.New Zealand Dollar drifts higher above 0.5950 on US trade uncertainty

第一印象：新西兰零售业——可自由支配支出继续攀升。新西兰零售支出在第四季度再次意外上升，可自由支配支出的增长支撑了0.9%的季度增长。我们预计，较低的利率将支持2026年的进一步增长。

First Impressions: NZ Retail Trade – Discretionary Spending Continuing to Climb.NZ retail spending surprised to the upside again in Q4, with gains in discretionary spending underpinning a 0.9%qtr rise. We expect lower interest rates will support further gains over 2026.