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.


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New Zealand Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-19.40 -13.20 80.90 -76.40 1970 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-31 12:00 AM Oct -42.4 -53.5 -54.1 -54
2019-11-28 12:00 AM Nov -26.4 -42.4 -30.8 -45
2019-12-17 12:00 AM Dec -13.2 -26.4 -13.6 -20
2020-02-27 12:00 AM Jan -19.4 -13.2 -7.9 -18
2020-03-31 12:00 AM Mar -19.4 -26
2020-04-30 01:00 AM Apr
2020-05-28 01:00 AM May
2020-06-30 01:00 AM Jun -27


News Stream
New Zealand Business Confidence Hit by Coronavirus
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.
2020-02-27
New Zealand Business Confidence at 26-Month High
The ANZ Business Confidence Index in New Zealand improved to -13.2 in December 2019 from -26.4 in the previous month to practically match market expectations of -13.6. It was the highest reading since October of 2017, mainly nudged by manufacturing. Within components, exports jumped to 7.0 from 1.2, while investment climbed to 8.6 from 5.6. Meanwhile, the activity outlook rose to 17.2 from 12.9, while employment advanced to 7.5 from 3.2 points. Among sectors, residential construction fell to 2.8 from 7.9, whereas commercial construction jumped to 16.1 from 5.9.
2019-12-17
New Zealand Business Confidence Rises to 11-Month High
The ANZ Business Confidence Index in New Zealand jumped to -26.4 in November 2019 from -42.4 in the previous month and beating market expectations of -30.8. It was the highest reading since December last year, as firms’ expectations for their own activity over the year ahead rose to its strongest level in 2019 (12.9 from -3.5 in October). Also, employment (+3.2 from -9.4); investment (+5.6 from -5.5); and exports (+1.2 from -0.4) went up into positive territory. Among sectors, both commercial (5.9 from a flat reading) and residential construction (7.9 from -5.3) increased.
2019-11-28
New Zealand Business Sentiment Unexpectedly Improves
The ANZ Business Confidence Index in New Zealand increased to -42 in October 2019 from an over 11-year low of -53.5 in the previous month, beating market expectations of -54.1. It was the highest reading in three months, as investment dropped at a slower pace (-5.5 from -8.9 in September) and profit expectations (-21.2 vs -24.6) improved. Also, both pricing intentions (23.6 vs 18) and cost pressures (48.4 vs 47.3) went up, while inflation expectations fell slightly (1.62 vs 1.63). On the other hand, activity outlook declined to its lowest level since April 2019 (-3.5 vs -1.8); export expectations went down into negative territory (-0.4 vs 2.1); and employment intentions deteriorated (-9.4 vs -7.8). Among sectors, commercial construction intentions (a flat reading vs -12.5) and residential (-5.3 vs -19.2) rose.
2019-10-31

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.