The ANZ Business Outlook Index in New Zealand dropped to -42.7 in October 2022 from -36.7 in September, as firms continued to contend with intense inflationary pressures. Activity measures generally were steady to slightly lower, including business confidence, own activity, capacity utilization, investment intentions and export intentions. Meanwhile, residential construction intentions bounced to a level that’s still very weak but closer to normal ranges. Inflation pressures remain intense and are easing only very slowly. Pricing intentions eased another 3 points to a net 65% of firms intending to raise their prices in the next three months. This is still far higher than normal – and the average price increase that firms anticipated was no lower. Inflation expectations one year from now lifted back above 6%. source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 1.84 percent from 1970 until 2022, 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 November of 2022.
Business Confidence in New Zealand is expected to be 7.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Business Confidence is projected to trend around 7.00 percent in 2023, according to our econometric models.