The ANZ Business Outlook Index in New Zealand bounced 18 points to -52 in January 2023, rising from a record low of -70.2 in December as the November rate hike shock and talk of a “deliberately engineered” recession appear to have worn off. However, indicators remained at very subdued levels. Activity measures saw a partial recovery from their December falls, led by manufacturing, services, and retail. Meanwhile, inflation and pricing pressures kept their strong grasp, with pricing intentions and cost expectations moving higher and inflation expectations holding at around 6%. Most indicators improved in January, including Own Activity Outlook (-15.8 in Jan vs -25.6 in Dec), Export Intentions (-5.4 vs -10), Investment Intentions (-13.7 vs -20.5), Employment Intentions (-11.1 vs -16.3) and Profit Expectations (-42.6 vs -52.7). source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 1.43 percent from 1970 until 2023, 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 February of 2023.
Business Confidence in New Zealand is expected to be -40.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.