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.

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New Zealand Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-09-29 12:00 AM Sep -36.7 -47.8 -42
2022-10-26 12:00 AM Oct -42.7 -36.7 -32
2022-11-30 12:00 AM Nov -42.7 -38


Related Last Previous Unit Reference
Business Confidence -42.70 -36.70 percent Oct 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-42.70 -36.70 80.90 -76.40 1970 - 2022 percent Monthly

News Stream
New Zealand Business Confidence Drops Again
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%.
2022-10-26
New Zealand Business Confidence Improves
The ANZ Business Outlook Index in New Zealand increased to -36.7 in September of 2022 from -47.8 in August. It is the highest reading in eight months, as businesses became slightly less pessimistic. Most indicators lifted, except residential construction which hit a fresh low of -76.5. Employment intentions (5.9 vs 3.4), profit expectations (-24.3 vs -35.5) and own activity outlook (-1.8 vs -4) improved while inflation pressures eased slightly and fell below 6% for the first time in six months.
2022-09-29
New Zealand Business Mood Improves
The ANZ Business Outlook Index in New Zealand increased to -47.8 in August of 2022 from -56.7 in July. This was the highest reading since April, amid the impact of higher interest rates and intense cost pressures. Most activity indicators lifted for the 2nd month: activity outlook (-4.0 vs -8.7 in July), investment intentions (-2.0 vs -2.6), and employment intentions (3.4 vs 1.1). However, capacity utilization eased the most since August 2020 (0.3 vs 7.2). At the same time, the gauge for ease of credit was at an 11- month high (-50.8 vs -63.8), while cost expectations stayed intense (90.9 vs 91.3), and profit expectations remained subdued (-35.5 vs -34.1), with pricing intentions hitting their lowest so far this year (70.1 vs 74.0). Meanwhile, inflation expectations held up at highs (6.13% vs 6.23%). Among sectors, expectations for residential construction bounced back from July's record low (-65.0 vs -73.7), and those for commercial constructions were higher (-4.3 vs -5.9).
2022-08-31