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.

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New Zealand Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
7.00 -2.00 80.90 -76.40 1970 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-31 12:00 AM ANZ Business Confidence Final Mar -4.1 7 0
2021-04-08 01:00 AM ANZ Business Confidence Prel Apr -8.4 -4.1
2021-04-29 01:00 AM ANZ Business Confidence Final Apr -2.0 -4.1 -8.4
2021-05-06 04:00 AM ANZ Business Confidence Prel May 7.0 -2.0 3
2021-05-31 01:00 AM ANZ Business Confidence Final May -2.0 7.0
2021-06-09 01:00 AM ANZ Business Confidence Prel Jun
2021-06-30 01:00 AM ANZ Business Confidence Final Jun
2021-07-07 01:00 AM ANZ Business Confidence Prel Jul


News Stream
New Zealand Business Morale Climbs in May
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.
2021-05-06
New Zealand Business Sentiment Revised Upward
The ANZ Business Outlook Index in New Zealand was revised higher to -2 in April 2021 from a preliminary reading of -8.4 and compared with a final -4.1 in March. The jump relative to the early-April read was likely influenced by a fading of the initial reaction to the new housing policies, and the announcement of the trans-Tasman bubble. Activity indicators were higher for firms' own activity outlook (22.2 vs 16.6 in March), export intentions (9.1 vs 4.5), investment intentions (17.1 vs 11.9), cost expectations (76.1 vs 73.3), capacity utilization (16.5 vs 14.6), employment intentions (16.4 vs 14.4), and pricing intentions (55.8 vs 47.3). Meantime, inflation expectations remained intense (at 1.97), while profit expectations picked up (0.3 vs -0.6).
2021-04-29
New Zealand Business Sentiment Plunges
The ANZ Business Outlook Index in New Zealand dropped to -8.4 in April 2021 from a final -4.1 in March, a preliminary estimate showed. This was the weakest reading since October 2020 as the stresses and strains in the economy started to show as pricing expectations hit a new high in data that goes back to 1992 (52.9 vs 47.3 in March), and cost expectations rose the most in two years (75.1 vs 73.3). At the same time, profit expectations (-4.3 vs -0.6), capacity utilization (12.0 vs 14.6), and expected credit availability (-45.5 vs -40.3) all fell, with inflation pressure remaining intense (1.96 vs 1.97). Meantime, activity outlook (16.4 vs 16.6), employment intentions (14.1 vs 14.4), and investment intentions (12.4 vs 11.9) were little changed. In contrast, both export intentions (6.6 vs 4.5) went up.
2021-04-08
New Zealand March Business Sentiment Revised Lower
The ANZ Business Outlook Index in New Zealand was revised lower to -4.1 in March 2021, down from a preliminary estimate of 0 and below the previous month's final reading of 7. Business sentiment and activity indicators ticked down, with the economy struggling a bit more as the lack of tourists reached its seasonal cash-flow peak impact and the unsustainable bounce in retail spending started to dissipate. Firms’ own activity outlook fell 4 points to 16.6 and investment intentions fell 4 points to 11.9, while employment intentions lifted 4 points to 14.4. Meanwhile, capacity utilization and export intentions were little-changed, while inflation pressure remained high.
2021-03-31

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.