The ANZ Business Outlook Index in New Zealand dropped to -16.4 in November 2021 from -13.4 a month earlier, amid coronavirus-related uncertainty, including the implications of the new Omicron variant, as well as intense inflation and cost pressures. Inflation expectations climbed to 4.24% from 3.45% in October, due to the strong CPI data; while cost pressures remained extreme (88.7 vs 87.2). At the same time, ease of credit (-64.9 vs -57.1) and profit expectations (-9.7 vs -6.2) deteriorated, with export intentions being almost steady (9.5 vs 8.6). Meanwhile, both the own activity outlook (15.0 vs 21.7) and capacity utilization (14.1 vs 20.6) moderated. On the other hand, both employment expectations (15.8 vs 10.9) and investment intentions (16.3 vs 13.8) strengthened. source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 2.92 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 December of 2021.
Business Confidence in New Zealand is expected to be 3.30 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 2022, according to our econometric models.