The ANZ Business Confidence Index in New Zealand increased sharply to -28.5 in September 2020 from -41.8 a month earlier. This was the highest reading since February, as the second outbreak of COVID-19 in the country was well under control. Activity outlook (-5.4 vs -17.5 in August), export intentions (-4.7 vs -20), and investment intentions (0.3 vs -15.2) all strengthened sharply. Also, both profit expectations (-24.4 vs -33.4) and employment intentions (-11.8 vs -23.6) lifted, with capacity utilization (1.2 vs -6.2) improving further. At the same time, inflation expectations ticked up (1.38 vs 1.36), and pricing intentions increased faster (15.1 vs 12.5). Among sector, both commercial construction (13.3 vs-32.0) and residential (-3.2 vs -17.2) continued to bounce back. source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 3.16 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. New Zealand Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Business Confidence in New Zealand is expected to be -40.50 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 -20.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around -18.00 percent in 2021 and -7.00 percent in 2022, according to our econometric models.