The ANZ Business Confidence Index in New Zealand improved to -13.2 in December 2019 from -26.4 in the previous month to practically match market expectations of -13.6. It was the highest reading since October of 2017, mainly nudged by manufacturing. Within components, exports jumped to 7.0 from 1.2, while investment climbed to 8.6 from 5.6. Meanwhile, the activity outlook rose to 17.2 from 12.9, while employment advanced to 7.5 from 3.2 points. Among sectors, residential construction fell to 2.8 from 7.9, whereas commercial construction jumped to 16.1 from 5.9.

Business Confidence in New Zealand averaged 3.99 percent from 1970 until 2019, 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. source: ANZ Bank New Zealand

Business Confidence in New Zealand is expected to be -20.00 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 -13.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 15.00 percent in 2020, according to our econometric models.

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New Zealand Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-13.20 -26.40 80.90 -76.40 1970 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 12:00 AM Sep -53.5 -52.3 -58.5 -55
2019-10-31 12:00 AM Oct -42.4 -53.5 -54.1 -54
2019-11-28 12:00 AM Nov -26.4 -42.4 -30.8 -45
2019-12-17 12:00 AM Dec -13.2 -26.4 -13.6 -20
2020-02-27 12:00 AM Jan -13.2 -18
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-11-28
New Zealand Business Confidence Rises to 11-Month High
The ANZ Business Confidence Index in New Zealand jumped to -26.4 in November 2019 from -42.4 in the previous month and beating market expectations of -30.8. It was the highest reading since December last year, as firms’ expectations for their own activity over the year ahead rose to its strongest level in 2019 (12.9 from -3.5 in October). Also, employment (+3.2 from -9.4); investment (+5.6 from -5.5); and exports (+1.2 from -0.4) went up into positive territory. Among sectors, both commercial (5.9 from a flat reading) and residential construction (7.9 from -5.3) increased.

2019-10-31
New Zealand Business Sentiment Unexpectedly Improves
The ANZ Business Confidence Index in New Zealand increased to -42 in October 2019 from an over 11-year low of -53.5 in the previous month, beating market expectations of -54.1. It was the highest reading in three months, as investment dropped at a slower pace (-5.5 from -8.9 in September) and profit expectations (-21.2 vs -24.6) improved. Also, both pricing intentions (23.6 vs 18) and cost pressures (48.4 vs 47.3) went up, while inflation expectations fell slightly (1.62 vs 1.63). On the other hand, activity outlook declined to its lowest level since April 2019 (-3.5 vs -1.8); export expectations went down into negative territory (-0.4 vs 2.1); and employment intentions deteriorated (-9.4 vs -7.8). Among sectors, commercial construction intentions (a flat reading vs -12.5) and residential (-5.3 vs -19.2) rose.

2019-09-30
New Zealand Business Sentiment Weakest Since 2008
The ANZ Business Confidence Index in New Zealand dropped to -53.5 in September 2019 from -52.3 in the previous month. This was the lowest reading since April 2008 on the back of heightening domestic and global headwinds. Activity outlook (-1.8 vs -0.5 in August), investment intentions (-8.9 vs -3.9) and profit expectations (-24.6 vs -19.5) dropped further, with capacity utilisation softening noticeably (1.9 vs 3.2). At the same time, pricing intentions eased to its lowest since October 2016 (18 vs 20.3), as cost pressures slowed (47.3 vs 49.2) and inflation expectations went down to its weakest level since December 2016 (1.63 vs 1.7). Meanwhile, employment intentions bounced back, though they were still negative (-7.8 vs -8.9) and export expectations rebounded (2.1 vs -0.8). Among sectors, commercial construction (-12.5 vs -4) and residential buildings (-19.2 vs -4) remained in negative territory.

2019-08-29
New Zealand Business Sentiment Weakest in Over 11 Years
The ANZ Business Confidence Index in New Zealand tumbled to -52.3 in August 2019 from -44.3 in the previous month. It was the lowest reading since April 2008 on the back of heightening domestic and global headwinds. Employment intentions deteriorated to its lowest since mid-2009 (-8.9 vs -5.5 in July) as firms intended to cut jobs, while both activity outlook (-0.5 vs 5.0) and export expectations turned to negative (-0.8 vs 1.4). In addition, investment intentions (-3.9 vs -0.4) and profit expectations (-19.5 vs -16.3) dropped further. At the same time, pricing intentions eased (20.3 vs 22.5), despite rising cost pressures (49.2 vs 46.7) and inflation expectations declined to its lowest since late 2016 (1.70 vs 1.81). Meanwhile, capacity utilization strengthened (3.2 vs 0.4). Among sectors, commercial construction (-4.0 vs -20.0) and residential buildings (-4.0 vs -15.8) rose but still remaining in negative territory.


New Zealand Business Confidence
In New Zealand, the business confidence index is designed to provide a snapshot of business opinions regarding the expected future state of their business and economy overall. The survey covers around 700 respondents. The Net index is calculated by subtracting the percentage number of businesses that expect that the economic situation improves from the number that expect decline.