The ANZ Business Outlook Index in New Zealand increased to -31.1 in May 2023 from -43.8 in April. This was the highest print since December 2021 while marking the 23rd straight month of negative readings. Own activity outlook recovered (-4.5 vs -7.6 in April), while there was an upturn in export intentions (2.0 vs -1.5). Also, profit expectations hit their highest since May 2021 (-27.4 vs -37.7), and ease of credit continued to rise (-39.4 vs -48.6). Inflation expectations eased, with the reading being the lowest since February 2022. Meantime, investment intentions were steady at low levels (at -6.8), employment intentions stayed weak for the 7th month (-5.7 vs -2.4), and pricing intentions were lower (52.4 vs 53.7). Further, cost expectations stayed near their peaks (84.1 vs 84.2), and capacity utilization was going nowhere (-1.2 vs 0.8). Among sectors, residential construction showed a notable improvement (-56.7 vs -79.2) while commercial was weak (-12.1 vs -5.9). source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 1.07 points from 1970 until 2023, reaching an all time high of 80.90 points in February of 1994 and a record low of -76.40 points 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 2023.
Business Confidence in New Zealand is expected to be -28.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Business Confidence is projected to trend around 1.00 points in 2024 and 5.00 points in 2025, according to our econometric models.