New Zealand’s ANZ Business Outlook Index slipped to 53.7 in August 2026 from July’s five-month peak of 56.1. Expected own activity eased (48.2 vs 49.3 in July), but remained at a historically strong level, while assessments of past activity strengthened (16.4 vs 9.7). Forward-looking indicators were mixed: export intentions improved (31.4 vs 26.6), and employment intentions rose (19.3 vs 18.1), while profit expectations fell (23.1 vs 28.7) and investment intentions edged down (22.1 vs 22.8). Meanwhile, cost pressures showed signs of intensifying, with pricing intentions rising (51.0 vs 47.2), cost expectations climbing (80.8 vs 78.2), and wage growth expectations edging up (2.62% vs 2.52%). Inflation expectations also increased (3.26% vs 3.14%), suggesting persistent price pressures. Credit availability improved (2.4 vs 1.4). Sectoral sentiment weakened, particularly in commercial construction (24.6 vs 29.3) and residential construction (15.5 vs 27.0). source: ANZ Bank New Zealand

Business Confidence in New Zealand decreased to 53.70 points in August from 56.10 points in July of 2026. Business Confidence in New Zealand averaged 3.91 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 September of 2026.

Business Confidence in New Zealand decreased to 53.70 points in August from 56.10 points in July of 2026. Business Confidence in New Zealand is expected to be 55.10 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 40.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-30 01:00 AM
ANZ Business Confidence
Jul 56.1 36.6 36
2026-08-31 01:00 AM
ANZ Business Confidence
Aug 53.7 56.1 55.7
2026-09-30 12:00 AM
ANZ Business Confidence
Sep 53.7 55.1


Related Last Previous Unit Reference
Bankruptcies 78.00 69.00 Individuals Aug 2026
ANZ Business Confidence 53.70 56.10 points Aug 2026
NZIER Capacity Utilization 90.80 91.20 percent Jun 2026
Car Registrations 3548.00 3350.00 Units Aug 2026
Changes in Inventories -60.00 229.00 NZD Million Jun 2026
Corruption Index 81.00 83.00 Points Dec 2025
Corruption Rank 4.00 4.00 Dec 2025
Industrial Production 4.40 0.40 percent Jun 2026
Manufacturing Sales YoY 6.40 2.80 percent Jun 2026


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
53.70 56.10 80.90 -76.40 1970 - 2026 points Monthly

News Stream
New Zealand Business Sentiment Falls from 5-Month High
New Zealand’s ANZ Business Outlook Index slipped to 53.7 in August 2026 from July’s five-month peak of 56.1. Expected own activity eased (48.2 vs 49.3 in July), but remained at a historically strong level, while assessments of past activity strengthened (16.4 vs 9.7). Forward-looking indicators were mixed: export intentions improved (31.4 vs 26.6), and employment intentions rose (19.3 vs 18.1), while profit expectations fell (23.1 vs 28.7) and investment intentions edged down (22.1 vs 22.8). Meanwhile, cost pressures showed signs of intensifying, with pricing intentions rising (51.0 vs 47.2), cost expectations climbing (80.8 vs 78.2), and wage growth expectations edging up (2.62% vs 2.52%). Inflation expectations also increased (3.26% vs 3.14%), suggesting persistent price pressures. Credit availability improved (2.4 vs 1.4). Sectoral sentiment weakened, particularly in commercial construction (24.6 vs 29.3) and residential construction (15.5 vs 27.0).
2026-08-31
New Zealand Business Sentiment Jumps to 5-Month High
New Zealand’s ANZ Business Outlook Index surged to 56.1 in July 2026 from 36.6 in the previous month, marking the strongest reading since February. Firms’ own activity outlook strengthened markedly (49.3 vs 36.9 in June), while assessments of past activity edged higher (9.7 vs 9.0), supported by easing oil prices as tensions in the Middle East continued to subside. Forward-looking indicators rose, with stronger export intentions (26.6 vs 18.1), profit expectations (28.7 vs 13.0), investment intentions (22.8 vs 16.5), and employment intentions (18.1 vs 9.4). At the same time, pricing intentions (47.2 vs 50.7), cost expectations (78.2 vs 84.7), and inflation expectations (3.14% vs 3.36%) all moderated, while wage growth expectations were broadly steady (2.52% vs 2.53%). Further, credit availability turned positive (1.4 vs -1.9). Sectoral sentiment strengthened notably in construction, with confidence rising in both residential (42.5 vs 25.0) and commercial construction (48.9 vs 28.9).
2026-07-30
New Zealand Business Sentiment Jumps to 4-Month High
New Zealand’s ANZ Business Outlook Index surged to 36.6 in June 2026 from 10.0 in the previous month, marking the highest reading since February. Firms’ own activity outlook strengthened sharply (36.9 vs 25.6 in May), though past activity eased (9.0 vs 14.8) amid oil price shocks tied to Middle East tensions. Forward-looking indicators were broadly stronger, with higher readings for export intentions (18.1 vs 11.5), profit expectations (13.0 vs 2.0), investment intentions (16.5 vs 5.8), and employment intentions (9.4 vs 3.4). Pricing intentions (50.7 vs 56.7), cost expectations (84.7 vs 90.4), and inflation expectations (3.36% vs 3.63%) all increased, although wage growth expectations edged up (2.53% vs 2.48%). Meanwhile, cost expectations eased (84.7 vs 90.4), and credit availability improved markedly (-1.9 vs -17.5). Sentiment was better across the construction sector, with a climb in both residential construction (25.0 vs 11.8) and commercial construction (28.9 vs 13.5).
2026-06-30