The ANZ Business Confidence Index in New Zealand declined to -19.4 in January 2020 from -13.2 in the previous month, and well below market expectations of -7.9, as the coronavirus outbreak caused widespread alarm about the outlook for the economy and firms' prospects. The activity outlook deteriorated to 12 from 17.2 in December; and export intentions fell 9 points to -2, led by manufacturing and agriculture. Also, investment (7.2 from 8.6) and employment intentions (1.7 from 7.5) dropped. Among sectors, commercial construction intentions climbed 10 points to 26, and residential jumped 20 points to +23. On the price front, a net 53% of firms expect higher costs (unchanged from December), while pricing intentions were unchanged at a net 27% of firms expecting to raise prices.
Business Confidence in New Zealand averaged 3.94 percent from 1970 until 2020, 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. source: ANZ Bank New Zealand
Business Confidence in New Zealand is expected to be -26.00 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 10.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 10.00 percent in 2021 and 15.00 percent in 2022, according to our econometric models.