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.

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New Zealand Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-12-20 12:00 AM Dec -70.2 -57.1 -52
2023-01-27 12:00 AM Jan -52 -70.2 -66
2023-02-28 12:00 AM Feb


Related Last Previous Unit Reference
Business Confidence -52.00 -70.20 percent Jan 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
-52.00 -70.20 80.90 -76.40 1970 - 2023 percent Monthly

News Stream
New Zealand Business Confidence Improves in Jan
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).
2023-01-27
New Zealand Business Confidence at Record Low
The ANZ Business Outlook Index in New Zealand fell to -70.2 in December 2022 from 57.1 in November, sinking to a new record low as firms contended with persistent inflationary pressures, aggressive monetary tightening and a widely anticipated recession next year. The report noted that the Reserve Bank of New Zealand’s historic tightening campaign, hawkish forecasts and warning of a deliberate recession appeared to have achieved shock value. Many indicators slid to Global Financial Crisis lows including Own Activity Outlook (-25.6), Investment Intentions (-20.5), Capacity Utilization (-14.3) and Profit Expectations (-52.7). Sharp declines were also seen in Commercial Construction (-30.3), Employment Intentions (-16.3) and Ease of Credit (-66.7). On the inflationary front, an intention to raise prices is most widespread in the retail sector (74% of firms intend to raise their prices in the next three months) and services (67%).
2022-12-20
New Zealand Business Confidence Remains Low
The ANZ Business Outlook Index in New Zealand dropped to -57.1 in November 2022 from -42.7 in October, as firms continued to grapple with intense inflationary pressures, declining margins, labor shortages and tightening financial conditions. Activity measures were generally lower, led by sharp falls in ease of credit, profit expectations and own activity outlook. Meanwhile, residential construction intentions plummeted to a fresh record low. Inflation pressures remain intense but are easing slowly. Pricing intentions fell 6 points to a net 59% of firms intending to raise their prices in the next three months, remaining high but peaked at 80.5% in March. Similarly, the average price increase that firms anticipate in the next three months has dropped from 5.7% in April to 3.7%.
2022-11-30