The ANZ Business Confidence Index in New Zealand declined unexpectedly to -38.1 in June 2019 from -32.0 in the previous month and compared with market consensus of -22.7. It was the lowest reading in eight months, as profit expectations fell further (-12.5 vs -9.6 in May) and pricing intentions dropped to its lowest since April last year (22.6 vs 28.5). Additionally, activity outlook (8 vs 8.5), capacity utilisation (5.3 vs 5.4) and investment intentions (2.5 vs 2.9) deteriorated while cost pressures were stable (at 49.7). On the other hand, employment intentions improved slightly (0.0 vs -0.3) and export expectations rose sharply (5.3 vs 0.0). Also, inflation expectations edged up from the previous month's 1-1/2 year low (1.87 vs 1.81). Among sectors, commercial construction intentions strengthened (4.8 vs 4.2) and residential rebounded from the prior month's 10-year low (0.0 vs -27.3). Business Confidence in New Zealand averaged 4.61 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 -38.00 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 -25.00 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
2019-03-28 12:00 AM ANZ Business Confidence Mar -38.0 -30.9 -24.3 -27
2019-04-30 01:00 AM ANZ Business Confidence Apr -37.5 -38.0 -42.8 -40
2019-05-29 01:00 AM ANZ Business Confidence May -32.0 -37.5 -42.7 -39
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 -38.1 -36
2019-08-30 01:00 AM ANZ Business Confidence Aug
2019-09-26 01:00 AM ANZ Business Confidence Sep -32


New Zealand Business Last Previous Highest Lowest Unit
Business Confidence -38.10 -32.00 80.90 -76.40 percent [+]
Manufacturing PMI 51.30 50.40 62.80 36.10 [+]
Industrial Production 2.20 0.30 17.60 -10.50 percent [+]
Capacity Utilization 93.70 92.80 93.70 86.33 percent [+]
Changes in Inventories -201.00 105.00 769.00 -907.00 NZD Million [+]
Car Registrations 6061.00 5575.00 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 52.70 53.50 60.90 44.70 [+]
Steel Production 56.66 61.00 89.00 30.94 Thousand Tonnes [+]
Competitiveness Index 77.51 78.09 78.09 4.91 Points [+]
Competitiveness Rank 18.00 16.00 25.00 16.00 [+]
Composite Pmi 51.80 51.40 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-38.10 -32.00 80.90 -76.40 1970 - 2019 percent Monthly




Country Last Previous
Australia 2.00 Jun/19
Brazil 57.40 Jul/19
Canada 52.40 Jun/19
China 49.40 Jun/19
Euro Area 0.17 Jun/19
France 102.00 Jun/19
Germany 97.40 Jun/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 100.80 Jun/19
Japan 7.00 Jun/19
Mexico 51.20 Jun/19
Netherlands 3.30 Jun/19
Russia -1.00 Jun/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 75.00 Jun/19
Spain -3.70 Jun/19
Switzerland 93.60 Jun/19
Turkey 102.50 Jun/19
United Kingdom -32.00 Sep/19
United States 51.70 Jun/19


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