The ANZ Business Outlook Index in New Zealand was at -0.4 in June 2021, down 2 points from a final 1.8 a month earlier, amid intense cost and inflation pressures as well as shipping disruptions, rising commodity prices, and labor shortage, a preliminary reading showed. Both cost expectations (85.6 vs 81.3 in April) and inflation expectations (2.33 vs 2.22) accelerated. Meantime, activity indicators were mixed, with employment intentions easing (19.6 vs 20.5), while investment intentions (25.3 vs 18.9), export intentions (13.9 vs 12.2), and capacity utilization (23.9 vs 20.1) all rising. At the same time, the own activity outlook went up (29.1 vs 27.1). source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 3.08 percent from 1970 until 2021, reaching an all time high of 80.90 percent in February of 1994 and a record low of -76.40 percent in December of 1974. This page provides - New Zealand Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Business Confidence in New Zealand is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in New Zealand to stand at 20.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 7.00 percent in 2022, according to our econometric models.