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.

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New Zealand Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 01:00 AM ANZ Business Confidence Apr -43.8 -43.4 -41
2023-05-31 01:00 AM ANZ Business Confidence May -31.1 -43.8 -43.4 -42
2023-06-29 01:00 AM ANZ Business Confidence Jun -31.1 -28


Related Last Previous Unit Reference
Business Confidence -31.10 -43.80 points May 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
-31.10 -43.80 80.90 -76.40 1970 - 2023 points Monthly

News Stream
New Zealand Business Mood Improves
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).
2023-05-31
New Zealand Business Mood Drops to 3-Month Low
The ANZ Business Outlook Index in New Zealand edged down to -43.8 in April 2023 from -43.4 in the prior two months, pointing to the lowest print since January. The latest result also marked the 22nd consecutive period of negative reading, with own activity outlook still subdued (-7.6 vs -8.5 in March) and investment intentions at the bottom level (at -6.8). Also, employment intentions stayed weak for the 6th straight month (-2.4 vs -4.6), pricing intentions were double the pre-COVID level (53.7 vs 56.8), and profit expectations fell further (-37.7 vs -33.9). Moreover, inflation expectations stuck close to 6%, with cost expectations holding to their peaks (84.2 vs 86.4). Meanwhile, export intentions hit their highest since last September (-1.5 vs -8.9), ease of credit rose (-48.6 vs -49.2), and capacity utilization improved (0.8 vs -0.9). Among sectors, residential construction deteriorated (-79.2 vs -63.0) while commercial bounced back (-5.9 vs -27.3).
2023-04-27
New Zealand Business Mood Remains Subdued
The ANZ Business Outlook Index in New Zealand was unchanged at -43 in March 2023, a very subdued level compared to historical averages as manufacturing and services firms remained pessimistic and businesses continued to grapple with elevated costs. Meanwhile, retail, construction, and agricultural respondents were generally more upbeat. Inflationary pressures and related expectations also showed signs of easing. Changes in the major indicators, including Own Activity Outlook (-8.5 in March vs -9.2 in February), Export Intentions (-8.9 vs -5.2), Investment Intentions (-6.8 vs -4.9), Employment Intentions (-4.6 vs -3.4) and Profit Expectations (-33.9 vs -37.7), were mixed for March.
2023-03-30