The ANZ Business Confidence Index in New Zealand rose to -34.4 in June 2020 from -41.8 the previous month as the government lifted coronavirus-led lockdown, with social distancing measures no longer implemented. There was improvement in activity outlook (-25.9 vs -38.7 in May), export expectations (-17.8 vs -32.2), and employment intentions (-34.7 vs -42.4). Also, investment (-20.5 vs -31.7) and capacity utilization (-16.4 vs -26.3) became less negative. At the same time, pricing intentions lifted further (-0.3 vs -2), with cost pressures (26.7 vs 27.5) easing, amid a rise in inflation expectations (1.44 vs 1.3). By sector, both residential construction (-36.4 vs -48.3) and commercial building (-28.6 vs -36.7) bounced back.

Business Confidence in New Zealand averaged 3.42 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 July of 2020. source: ANZ Bank New Zealand

Business Confidence in New Zealand is expected to be -38.00 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 -15.00 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
-34.40 -41.80 80.90 -76.40 1970 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-31 12:00 AM Mar -63.5 -19.4 -24.1 -48
2020-04-30 01:00 AM Apr -66.6 -63.5 -73
2020-05-28 01:00 AM May -41.8 -66.6 -60
2020-06-30 01:00 AM Jun -34.4 -41.8 -38
2020-07-30 01:00 AM Jul -34.4 -31
2020-08-31 01:00 AM Aug
2020-09-30 12:00 AM Sep -25
2020-10-29 12:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
New Zealand Business Sentiment Improves
The ANZ Business Confidence Index in New Zealand rose to -34.4 in June 2020 from -41.8 the previous month as the government lifted coronavirus-led lockdown, with social distancing measures no longer implemented. There was improvement in activity outlook (-25.9 vs -38.7 in May), export expectations (-17.8 vs -32.2), and employment intentions (-34.7 vs -42.4). Also, investment (-20.5 vs -31.7) and capacity utilization (-16.4 vs -26.3) became less negative. At the same time, pricing intentions lifted further (-0.3 vs -2), with cost pressures (26.7 vs 27.5) easing, amid a rise in inflation expectations (1.44 vs 1.3). By sector, both residential construction (-36.4 vs -48.3) and commercial building (-28.6 vs -36.7) bounced back.
2020-06-30
New Zealand Business Sentiment Improves
The ANZ Business Confidence Index in New Zealand rose to -41.8 in May 2020 from a 32-year low of -66.6 in the previous month as the government eased coronavirus-led lockdown restrictions to level 2 on its four-tier alert system. There were improvement in activity outlook (-38.7 vs -55.1 in April), export expectations (-32.2 vs -42.1), and employment intentions (-42.4 vs -50.8). Also, investment (-31.7 vs -44.9) and capacity utilization (-26.3 vs -35.9) became less negative. At the same time, pricing intentions lifted (-2 vs -9), with inflation expectations sitting near the bottom of the RBNZ’s 1-3 percent CPI target range. By sector, residential construction was less negative (-48.3 vs -63.9), while commercial building was pretty steady (-36.7 vs -38.2).
2020-05-28
New Zealand Business Sentiment Weakest Since April 1988
The ANZ Business Confidence Index in New Zealand dropped to -66.6 in April 2020, the lowest since April 1988, from -63.5 in the previous month, with more businesses halting production as the economy was under a level 4 of lockdown. The activity outlook (-55.1 vs -26.7 in March) and export expectations (-42.1 vs -25.8) hit fresh record lows, with employment intentions (-50.8 vs -22.5), investment (-44.9 vs -14.4) and capacity utilization (-35.9 vs -9.4) all tumbling. At the same time, pricing intentions turned to negative (-9 vs 14.8), as cost pressures eased (22.6 vs 38.6) and inflation expectations slowed slightly (1.46 vs 1.51). By sector, residential construction (-63.9 vs -20.7) and commercial building (-38.2 vs -21.9) continued to be in negative territory.
2020-04-30
New Zealand Business Morale Falls to Over 14-Year Low
The ANZ Business Confidence Index in New Zealand dropped to -63.5 in March 2020 from -19.4 in the previous month and compared with market expectations of -24.1. It is the lowest reading since November 2005, as the activity outlook fell sharply to a record low (-26.7 from 12 in February) amid widespread alarm about the coronavirus pandemic. Also, employment intentions fell 24 points to -22.5, with every sector in negative territory; investment decreased 21 points to -14.4, led by agriculture and retail; and exports went down 24 points to -25, from what was already an all-time low. Among sectors, retail own activity slumped 56 points to -40.7, and both services and construction plummeted by more than 40 points to -26.8 and -23.7, respectively. On the price front, a net 39% of firms expect higher costs, as cost expectations dropped in every sector namely construction.
2020-03-31

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.