The ANZ Business Outlook Index in New Zealand jumped 9 points to 7 in May 2021, from a final -2 in April, a preliminary reading showed. This was the first positive reading in three months, as the economy tried to grow faster, amid shortages of both goods and labor. The own activity outlook rose 10 points to 32.3, while exports investment and employment intentions, capacity utilization, and profit expectations all rose between 4 and 10 points. At the same time, cost and inflation pressures continued to intensify and broaden. Expected costs rose 4 points to a net 80 percent of firms expecting higher costs ahead. A net 58 percent of respondents intend to raise their prices, a 2 point lift to a fresh record high, in data that goes back to 1992. Inflation expectations rose to 2.2 percent from 2.0 percent. source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 3.10 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 May of 2021.
Business Confidence in New Zealand is expected to be 10.00 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 7.00 percent in 2022, according to our econometric models.