The ANZ Business Outlook Index in New Zealand was revised lower to 7 in February 2021, from a preliminary estimate of 11.8 and compared with 9.4 in December 2020, which was the highest since August 2017. At the same time, firms’ own activity outlook eased 1 point to 21.3, while investment intentions lifted 7 points and employment intentions lifted 2 points, with a net 10.6 percent of respondents planning to hire more staff. Overall, the bounce in business sentiment and activity indicators has flattened out, but remain solid, as the real costs of pandemic and the closed border start to be more broadly felt. source: ANZ Bank New Zealand

Business Confidence in New Zealand averaged 3.12 percent from 1970 until 2021, 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 March of 2021.

Business Confidence in New Zealand is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in New Zealand to stand at 6.30 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 7.00 percent in 2022, according to our econometric models.

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New Zealand Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
7.00 9.40 80.90 -76.40 1970 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-05 12:30 AM ANZ Business Confidence Prel Nov -15.6 -15.7 -15
2020-11-30 12:00 AM ANZ Business Confidence Final Nov -6.9 -15.7 -15.6
2020-12-18 12:00 AM ANZ Business Confidence Dec 9.4 -6.9 -7.5
2021-02-25 12:00 AM ANZ Business Confidence Final Feb 7 9.4 11.8
2021-03-09 12:00 AM ANZ Business Confidence Prel Mar 7
2021-03-31 12:00 AM ANZ Business Confidence Final Mar 7
2021-04-08 01:00 AM ANZ Business Confidence Prel Apr
2021-04-29 01:00 AM ANZ Business Confidence Final Apr


News Stream
New Zealand Business Confidence Revised Downwardly
The ANZ Business Outlook Index in New Zealand was revised lower to 7 in February 2021, from a preliminary estimate of 11.8 and compared with 9.4 in December 2020, which was the highest since August 2017. At the same time, firms’ own activity outlook eased 1 point to 21.3, while investment intentions lifted 7 points and employment intentions lifted 2 points, with a net 10.6 percent of respondents planning to hire more staff. Overall, the bounce in business sentiment and activity indicators has flattened out, but remain solid, as the real costs of pandemic and the closed border start to be more broadly felt.
2021-02-25
New Zealand Business Sentiment Rebounds Strongly
The ANZ Business Confidence Index in New Zealand jumped to 9.4 in December 2020 from a final -6.9 a month earlier, preliminary data showed. This was the first positive reading since August 2017, amid the imminent prospect of travel bubbles, encouraging vaccine news, and continued support from both monetary and fiscal sides. Activity outlook (21.7 vs 9.1 in November), export intentions (10.3 vs 2.4), and investment intentions (8.6 vs 0.6) soared. Also, profit expectations (6.8 vs -11.0) and employment intentions (8.8 vs 0.0) lifted, with capacity utilization accelerating (9.3 vs 5.9). At the same time, pricing intentions increased faster (35.1 vs 26.1), while inflation expectations rose further (1.65 vs 1.52). Among sector, both commercial construction (29.2 vs 12.5) and residential (20.0 vs 13.0) grew more.
2020-12-18
New Zealand Business Sentiment Highest in Over 3 Years
The ANZ Business Confidence Index in New Zealand was at -6.9 in November 2020, compared with the preliminary estimate of -15.6 and October's reading of -15.7. This was the highest reading since September 2017, amid encouraging coronavirus vaccine news, continued support from both monetary and fiscal side, and the spending associated with the housing market. Activity outlook soared (9.1 vs 4.7 in October) and export intentions turned positive (2.4 vs -3.5). Also, profit expectations (-11 vs -14.3) and employment intentions (0.0 vs -2.5) increased, with capacity utilization surging (5.9 vs 0.0). At the same time, pricing intentions went up at a faster pace (26.1 vs 21.4), while inflation expectations rose (1.52 vs 1.38). Meanwhile, investment intentions advanced at a softer rate (0.6 vs 1.9).
2020-11-30
New Zealand Business Confidence Unchanged
The ANZ Business Confidence Index in New Zealand remained practically unchanged at -15.6 in November 2020 from -15.7 a month earlier, a preliminary estimate showed. This was still the highest reading since December last year, as economic activity in the country continued to recover from the COVID-19 pandemic. Activity outlook reamined in positive territory, whereas investment intentions weakened 5 points (2 vs -3 in October). In contrast, employment intentions climbed 2 points (-1 vs -3). On the other hand, capacity utilization jumped 8 points from 0.
2020-11-05

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.