The ANZ Business Confidence Index in New Zealand dropped to -53.5 in September 2019 from -52.3 in the previous month. This was the lowest reading since April 2008 on the back of heightening domestic and global headwinds. Activity outlook (-1.8 vs -0.5 in August), investment intentions (-8.9 vs -3.9) and profit expectations (-24.6 vs -19.5) dropped further, with capacity utilisation softening noticeably (1.9 vs 3.2). At the same time, pricing intentions eased to its lowest since October 2016 (18 vs 20.3), as cost pressures slowed (47.3 vs 49.2) and inflation expectations went down to its weakest level since December 2016 (1.63 vs 1.7). Meanwhile, employment intentions bounced back, though they were still negative (-7.8 vs -8.9) and export expectations rebounded (2.1 vs -0.8). Among sectors, commercial construction (-12.5 vs -4) and residential buildings (-19.2 vs -4) remained in negative territory. Business Confidence in New Zealand averaged 4.22 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 -55.00 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 -27.00 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
2019-06-27 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 -52.3 -44.3 -49.5
2019-09-30 12:00 AM ANZ Business Confidence Sep -53.5 -52.3 -58.5 -55
2019-10-31 12:00 AM ANZ Business Confidence Oct -53.5 -53
2019-11-30 12:00 AM ANZ Business Confidence Nov -51
2019-12-18 12:00 AM ANZ Business Confidence Dec -48


New Zealand Business Last Previous Highest Lowest Unit
Business Confidence -53.50 -52.30 80.90 -76.40 percent [+]
Manufacturing PMI 48.40 48.40 62.80 36.10 [+]
Industrial Production -0.40 2.10 17.60 -10.50 percent [+]
Capacity Utilization 92.40 93.70 93.70 86.33 percent [+]
Changes in Inventories 42.00 -220.00 769.00 -907.00 NZD Million [+]
Car Registrations 5105.00 5037.00 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 54.40 54.60 60.90 44.70 [+]
Steel Production 60.16 55.37 89.00 30.94 Thousand Tonnes [+]
Competitiveness Index 76.75 77.51 78.09 4.91 Points [+]
Competitiveness Rank 19.00 18.00 25.00 16.00 [+]
Composite Pmi 52.10 52.50 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-53.50 -52.30 80.90 -76.40 1970 - 2019 percent Monthly




Country Last Previous
Australia 0.00 Sep/19
Brazil 59.30 Oct/19
Canada 48.70 Sep/19
China 49.80 Sep/19
Euro Area -0.22 Sep/19
France 102.00 Sep/19
Germany 94.60 Sep/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 98.80 Sep/19
Japan 5.00 Sep/19
Mexico 50.30 Sep/19
Netherlands 3.30 Sep/19
Russia -2.00 Sep/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 71.00 Sep/19
Spain -5.30 Sep/19
Switzerland 93.20 Sep/19
Turkey 98.80 Sep/19
United Kingdom -32.00 Sep/19
United States 47.80 Sep/19


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