New Zealand’s ANZ Business Outlook Index climbed to 10.0 in May from -10.0 in the previous month, marking a notable rebound in confidence, though still subdued compared with pre-conflict levels. Firms’ own activity outlook strengthened (25.6 vs 19.6), while past activity eased slightly (14.8 vs 16.9). Forward indicators improved: export intentions surged (11.5 vs 1.1), profit expectations turned positive (2.0 vs -13.3), investment intentions picked up (5.8 vs 3.3), and employment intentions returned to positive territory (3.4 vs -2.7). Wage growth expectations were steady (2.48% vs 2.41%). Pricing intentions (56.7 vs 57.7) and cost pressures (90.4 unchanged) suggested inflation pressures remained high. Credit availability improved modestly (-17.5 vs -21.5), while inflation expectations eased (3.63% vs 3.81%). Sector sentiment was mixed, with residential construction flat (11.8) but commercial construction weakening sharply (13.5 vs 27.0). source: ANZ Bank New Zealand

Business Confidence in New Zealand increased to 10 points in May from -10.60 points in April of 2026. Business Confidence in New Zealand averaged 3.64 points from 1970 until 2026, reaching an all time high of 80.90 points in February of 1994 and a record low of -76.40 points 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 June of 2026.

Business Confidence in New Zealand increased to 10 points in May from -10.60 points in April of 2026. Business Confidence in New Zealand is expected to be 5.00 points 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 30.00 points in 2027 and 25.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 01:00 AM
ANZ Business Confidence
Apr -10.6 32.5 27
2026-05-29 01:00 AM
ANZ Business Confidence
May 10.0 -10.6 -8
2026-06-30 01:00 AM
ANZ Business Confidence
Jun 10.0 5


Related Last Previous Unit Reference
Bankruptcies 81.00 81.00 Individuals Apr 2026
ANZ Business Confidence 10.00 -10.60 points May 2026
NZIER Capacity Utilization 91.20 89.80 percent Mar 2026
Car Registrations 3096.00 5406.00 Units Apr 2026
Changes in Inventories 229.00 -385.00 NZD Million Dec 2025
Corruption Index 81.00 83.00 Points Dec 2025
Corruption Rank 4.00 4.00 Dec 2025
Industrial Production 0.70 -0.50 percent Dec 2025
Manufacturing Sales YoY -0.70 1.30 percent Dec 2025


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
10.00 -10.60 80.90 -76.40 1970 - 2026 points Monthly

News Stream
New Zealand Business Confidence Improves
New Zealand’s ANZ Business Outlook Index climbed to 10.0 in May from -10.0 in the previous month, marking a notable rebound in business sentiment, though still subdued compared with levels seen before the Middle East conflict. Firms’ own activity outlook strengthened (25.6 vs 19.6 in April), while past activity eased slightly (14.8 vs 16.9). Several forward indicators recovered, including export intentions (11.5 vs 1.1), profit expectations (2.0 vs -13.3), investment intentions (5.8 vs 3.3), and employment intentions (3.4 vs -2.7). Meanwhile, wage growth expectations were steady (2.48% vs 2.41%). Pricing intentions (56.7 vs 57.7) and cost pressures (90.4 vs 90.4) were little changed. Credit availability rose modestly (-17.5 vs -21.5), while inflation expectations moderated slightly (3.63% vs 3.81%). Sector sentiment was mixed, with residential construction flat (at 11.8) but commercial construction weakening sharply (13.5 vs 27.0).
2026-05-29
New Zealand Business Sentiment Slumps
New Zealand’s ANZ Business Outlook Index slumped to -10.6 in April 2026 from 32.5 in the previous month, marking the first negative reading since August 2023, as the Middle East conflict pressured sentiment. Firms’ own activity outlook weakened sharply (19.6 vs 39.3 in March), while past activity was little changed (16.9 vs 17.5). Forward indicators deteriorated: export intentions (1.1 vs 15.2), profit expectations (-13.3 vs 19.7), and investment intentions (3.3 vs 14.5). Employment intentions turned negative (-2.7 vs 9.4) and wage growth expectations eased (2.41% vs 2.74%). Pricing intentions softened (57.7 vs 60.3), but cost pressures accelerated (90.4 vs 84.7). Credit availability plunged (-21.5 vs -3.3), signaling a significant tightening in financial conditions, while inflation expectations rose to their highest since February 2024 (3.81% vs 3.08%). Sector sentiment also weakened, including residential construction (11.8 vs 35.3) and commercial construction (27.0 vs 42.1).
2026-04-30
New Zealand Business Mood Slumps to Near 2-Year Low
New Zealand’s ANZ Business Outlook Index slumped to 32.5 in March 2026 from 59.2 in the previous month, marking the weakest reading since July 2024, as companies grew more cautious over potential fallout from the Middle East shock. Firms’ own activity outlook plummeted (39.3 vs 52.6 in February), and past activity weakened (17.5 vs 23.4). Forward-looking indicators deteriorated broadly: export intentions (15.2 vs 19.0), profit expectations (19.7 vs 31.8), and investment intentions (14.5 vs 24.8). Also, employment intentions slid (9.4 vs 22.3) and wage growth expectations eased (2.74% vs 3.01%). Pricing intentions rose (60.3 vs 53.3), while cost pressures moderated slightly (84.7 vs 79.4). Credit availability turned negative (-3.3 vs 7.5), highlighting tighter financial conditions, and inflation expectations edged up (3.08% vs 2.93%). Sector sentiment also softened, including residential construction intention (35.3 vs 41.4) and commercial construction (42.1 vs 45.6).
2026-03-31