• As green shoots continue to pop up, businesses and investors have tentatively started to put their heads above the parapets once more.  Fear has gradually given away to caution, and decisions are once more being made. Consumer confidence has started to recover, though remains on the wary side.  Business confidence has also picked up from incredibly low levels in the National Bank survey.
• The highlight for this week is Tuesday’s Quarterly Survey of Business Opinion. The survey contains a lot of information on business activity and inflation pressures, and is also a good guide to the short-term economic performance.
• At some stage over the next week the REINZ may release its house sales figures for June and the national-wide figures will probably register a lift.

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