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.

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New Zealand Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-28.50 -41.80 80.90 -76.40 1970 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-30 01:00 AM ANZ Business Confidence Jun -34.4 -41.8 -38
2020-07-30 01:00 AM ANZ Business Confidence Jul -31.8 -34.4 -31
2020-08-31 01:00 AM ANZ Business Confidence Aug -41.8 -31.8 -33
2020-09-30 12:00 AM ANZ Business Confidence Sep -28.5 -41.8 -40.5
2020-10-29 12:00 AM ANZ Business Confidence Final Oct -28.5 -14.5
2020-11-30 12:00 AM ANZ Business Confidence Final Nov
2020-12-21 12:00 AM ANZ Business Confidence Final Dec -24


News Stream
New Zealand Business Sentiment Improves
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.
2020-09-30
New Zealand Business Sentiment Weakens in August
The ANZ Business Confidence Index in New Zealand fell to -41.8 in August of 2020 from -31.8 a month earlier, amid the recent resurgence of COVID-19 cases. Activity outlook (-17.5 vs -8.9 in July), export intentions (-20 vs -12.7), and investment intentions (-15.2 vs -6.7) all weakened sharply. Also, both profit expectations (-33.4 vs -26.6) and employment intentions (-23.6 vs -15.1) declined further, despite an improvement in capacity utilization (-6.2 vs -7.8). At the same time, inflation expectations eased slightly (1.36 vs 1.39), while pricing intentions increased at a faster pace (12.5 vs 11.8). Among sector, commercial construction deteriorated (-32.0 vs 0.0) while residential strengthened (-17.2 vs -29.0).
2020-08-31
New Zealand Business Sentiment Improves
The ANZ Business Confidence Index in New Zealand rose to -31.8 in July of 2020 from -34.4 a month earlier, amid relaxed coronavirus restrictions. There were improvements in activity outlook (-9.9 vs -25.9 in June), export intentions (-12.7 vs -17.8), and investment intentions (-6.7 vs -20.5). Also, profit expectations (-26.6 vs -46.8), employment intentions (-15.1 vs -34.7), and capacity utilization (-7.8 vs -16.4) all lifted. At the same time, cost pressures and pricing intentions rose further, leaving their lows. Among sector, both commercial construction (0.0 vs -28.6) and residential (-29.0 vs -36.4) strengthened.
2020-07-30
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 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.