The ANZ Business Outlook Index in New Zealand increased to -47.8 in August of 2022 from -56.7 in July. This was the highest reading since April, amid the impact of higher interest rates and intense cost pressures. Most activity indicators lifted for the 2nd month: activity outlook (-4.0 vs -8.7 in July), investment intentions (-2.0 vs -2.6), and employment intentions (3.4 vs 1.1). However, capacity utilization eased the most since August 2020 (0.3 vs 7.2). At the same time, the gauge for ease of credit was at an 11- month high (-50.8 vs -63.8), while cost expectations stayed intense (90.9 vs 91.3), and profit expectations remained subdued (-35.5 vs -34.1), with pricing intentions hitting their lowest so far this year (70.1 vs 74.0). Meanwhile, inflation expectations held up at highs (6.13% vs 6.23%). Among sectors, expectations for residential construction bounced back from July's record low (-65.0 vs -73.7), and those for commercial constructions were higher (-4.3 vs -5.9). source: ANZ Bank New Zealand

Business Confidence in New Zealand averaged 2.02 percent from 1970 until 2022, 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 September of 2022.

Business Confidence in New Zealand is expected to be 12.00 percent 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 7.00 percent in 2023, according to our econometric models.

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New Zealand Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-07-28 01:00 AM Jul -56.7 -62.6 -65
2022-08-31 01:00 AM Aug -47.8 -56.7 -55
2022-09-29 12:00 AM Sep -47.8


Related Last Previous Unit Reference
Business Confidence -47.80 -56.70 percent Aug 2022

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
-47.80 -56.70 80.90 -76.40 1970 - 2022 percent Monthly

News Stream
New Zealand Business Mood Improves
The ANZ Business Outlook Index in New Zealand increased to -47.8 in August of 2022 from -56.7 in July. This was the highest reading since April, amid the impact of higher interest rates and intense cost pressures. Most activity indicators lifted for the 2nd month: activity outlook (-4.0 vs -8.7 in July), investment intentions (-2.0 vs -2.6), and employment intentions (3.4 vs 1.1). However, capacity utilization eased the most since August 2020 (0.3 vs 7.2). At the same time, the gauge for ease of credit was at an 11- month high (-50.8 vs -63.8), while cost expectations stayed intense (90.9 vs 91.3), and profit expectations remained subdued (-35.5 vs -34.1), with pricing intentions hitting their lowest so far this year (70.1 vs 74.0). Meanwhile, inflation expectations held up at highs (6.13% vs 6.23%). Among sectors, expectations for residential construction bounced back from July's record low (-65.0 vs -73.7), and those for commercial constructions were higher (-4.3 vs -5.9).
2022-08-31
New Zealand Business Mood Slightly Less Gloomy
The ANZ Business Outlook Index in New Zealand increased to -56.7 in July of 2022 from -62.6 in June. That said, the latest print pointed to the 13th straight month of negative reading, amid lingering worries over the health of domestic economy, persistent supply-side issues and intense cost pressures. Own activity outlook (-8.7 vs 9.1 in June), investment intentions (-2.6 vs -3.2), and employment intentions (1.1 vs 0.7) all were little changed, and ease of credit was steady at low level (-63.8 vs -62.8). At the same time, cost expectations (91.3 vs 93.5) and pricing intentions (74.0 vs 73.7) stayed at high levels. Also, inflation expectations hit a fresh high (6.23% vs 6.02%), and there were no signs of capacity stretch easing. Meanwhile, profit expectations were better but still historically low (-34.1 vs -41.5). Among sector, expectations for residential construction plummeted to a new record low (-73.7 vs -57.9), while those for commercial constructions recovered (-5.9 vs -9.1).
2022-07-28
New Zealand Business Mood Drops to 26-Month Low
The ANZ Business Outlook Index in New Zealand fell to -62.6 in June of 2022 from -55.6 in the prior month. This was the 12th straight month of negative reading and the lowest figure since April 2020, amid mounting worries over the health of domestic economy, persistent supply-side constraints and intense cost pressures. Activity outlook deteriorated further(-9.1 vs -4.7 in May) while profit expectations were around the 2008/2009 lows (-41.4 vs -31.3) and export intentions were lackluster (-0.5 vs -1.6). Also, intense cost pressures lingered (93.5 vs 95.5), inflation expectations showed no meaningful easing yet (6.02% vs 6.18), and the ease of credit remained at a low level (-62.8 vs -60.16 ). At the same time, employment intentions slowed sharply (0.7 vs 6.1), while pricing intentions stayed very high (73.7 vs 71.0). Among sector, expectations for residential construction continued to fall, with very low levels suggesting a potential sudden stop ahead (-57.9 vs -50.0).
2022-06-30