The ANZ Business Confidence Index in New Zealand rose to -31.8 in July of 2020 from -34.4 a month earlier, amid relaxed coronavirus restrictions. There were improvements in activity outlook (-9.9 vs -25.9 in June), export intentions (-12.7 vs -17.8), and investment intentions (-6.7 vs -20.5). Also, profit expectations (-26.6 vs -46.8), employment intentions (-15.1 vs -34.7), and capacity utilization (-7.8 vs -16.4) all lifted. At the same time, cost pressures and pricing intentions rose further, leaving their lows. Among sector, both commercial construction (0.0 vs -28.6) and residential (-29.0 vs -36.4) strengthened.
Business Confidence in New Zealand averaged 3.34 percent from 1970 until 2020, 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 August of 2020. source: ANZ Bank New Zealand
Business Confidence in New Zealand is expected to be -25.00 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 -10.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 10.00 percent in 2021 and 15.00 percent in 2022, according to our econometric models.