The ANZ Business Outlook Index in New Zealand was revised lower to 7 in February 2021, from a preliminary estimate of 11.8 and compared with 9.4 in December 2020, which was the highest since August 2017. At the same time, firms’ own activity outlook eased 1 point to 21.3, while investment intentions lifted 7 points and employment intentions lifted 2 points, with a net 10.6 percent of respondents planning to hire more staff. Overall, the bounce in business sentiment and activity indicators has flattened out, but remain solid, as the real costs of pandemic and the closed border start to be more broadly felt. source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 3.12 percent from 1970 until 2021, 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 March of 2021.
Business Confidence in New Zealand is expected to be 5.00 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 6.30 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 7.00 percent in 2022, according to our econometric models.