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.