The ANZ Business Confidence Index in New Zealand declined unexpectedly to -44.3 in July 2019 from -38.1 in the previous month and missing market estimates of -34.9. That was the worst reading since August last year, when the index was at -50.3. Employment intentions slumped (-5.5 vs 0) as firms sought to cut jobs, capacity utilization weakened to its lowest since 2009 (0.4 vs 5.3), and activity outlook (5.0 vs 8.0) and export expectations (1.4 vs 5.3) deteriorated. In addition, profit expectations fell further(-16.3 vs -12.5), while investment intentions turned to negative (-0.3 vs 2.5). Meantime, pricing intentions were little-changed (22.5 vs 22.6), amid an ease in cost pressures (46.7 vs 49.7), with inflation expectations edging down to near 2-year low (1.81 vs 1.87). Among sectors, commercial construction (-20.0 vs 4.8) and residential buildings (-15.8 vs 0.0) fell back to negative territory, indicating a rapid fall in activities ahead. Business Confidence in New Zealand averaged 4.49 percent from 1970 until 2019, 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.

Business Confidence in New Zealand is expected to be -32.00 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 -20.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 15.00 percent in 2020, according to our econometric models.

New Zealand Business Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 01:00 AM ANZ Business Confidence Apr -37.5 -38.0 -42.8 -40
2019-05-29 01:00 AM ANZ Business Confidence May -32.0 -37.5 -42.7 -39
2019-06-27 01:00 AM ANZ Business Confidence Jun -38.1 -32.0 -22.7 -30
2019-07-31 01:00 AM ANZ Business Confidence Jul -44.3 -38.1 -34.9 -36
2019-08-29 01:00 AM ANZ Business Confidence Aug -44.3
2019-09-26 01:00 AM ANZ Business Confidence Sep -32
2019-10-31 12:00 AM ANZ Business Confidence Oct


New Zealand Business Last Previous Highest Lowest Unit
Business Confidence -44.30 -38.10 80.90 -76.40 percent [+]
Manufacturing PMI 48.20 51.10 62.80 36.10 [+]
Industrial Production 2.20 0.30 17.60 -10.50 percent [+]
Capacity Utilization 93.70 92.80 93.70 86.33 percent [+]
Changes in Inventories -201.00 105.00 769.00 -907.00 NZD Million [+]
Car Registrations 6061.00 5575.00 6933.00 810.00 [+]
Internet Speed 14708.73 12865.57 14708.73 1998.81 KBps [+]
IP Addresses 1778178.00 1690601.00 2110050.00 831298.00 IP [+]
Services Pmi 54.70 53.00 60.90 44.70 [+]
Steel Production 58.20 56.66 89.00 30.94 Thousand Tonnes [+]
Competitiveness Index 77.51 78.09 78.09 4.91 Points [+]
Competitiveness Rank 18.00 16.00 25.00 16.00 [+]
Composite Pmi 51.80 51.40 59.50 40.00 [+]
Ease of Doing Business 1.00 1.00 3.00 1.00 [+]
Corruption Index 87.00 89.00 96.00 87.00 Points [+]
Corruption Rank 2.00 1.00 4.00 1.00 [+]


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. This page provides - New Zealand Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Business Confidence - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-44.30 -38.10 80.90 -76.40 1970 - 2019 percent Monthly




Country Last Previous
Australia 4.00 Jul/19
Brazil 57.40 Jul/19
Canada 54.20 Jul/19
China 49.70 Jul/19
Euro Area -0.12 Jul/19
France 101.00 Jul/19
Germany 95.70 Jul/19
India 113.50 Jun/19
Indonesia 108.81 Jun/19
Italy 100.10 Jul/19
Japan 7.00 Jun/19
Mexico 49.50 Jul/19
Netherlands 3.90 Jul/19
Russia -1.00 Jul/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 28.00 Jun/19
South Korea 73.00 Jul/19
Spain -2.80 Jul/19
Switzerland 97.10 Jul/19
Turkey 98.30 Jul/19
United Kingdom -32.00 Sep/19
United States 51.20 Jul/19


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