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.