Business confidence eased 2 points to +35 but expected own activity rose 4 points in February. Reported past activity has a good correlation to GDP. It rose 1 point this month but is still in the red at -5. • Inflation expectations fell from 4.3% to 4.0%. Pricing intentions eased from 50% to 48%, continuing their sideways trend of recent months. The February ANZ Business Outlook survey saw lifts in most forward-looking indicators such as own activity, investment and employment intentions, as well as profit expectations. Residential building expectations also rose. The reported past activity questions have now been in ... (full story)