The ANZ Business Confidence Index in New Zealand rose to -34.4 in June 2020 from -41.8 the previous month as the government lifted coronavirus-led lockdown, with social distancing measures no longer implemented. There was improvement in activity outlook (-25.9 vs -38.7 in May), export expectations (-17.8 vs -32.2), and employment intentions (-34.7 vs -42.4). Also, investment (-20.5 vs -31.7) and capacity utilization (-16.4 vs -26.3) became less negative. At the same time, pricing intentions lifted further (-0.3 vs -2), with cost pressures (26.7 vs 27.5) easing, amid a rise in inflation expectations (1.44 vs 1.3). By sector, both residential construction (-36.4 vs -48.3) and commercial building (-28.6 vs -36.7) bounced back.
Business Confidence in New Zealand averaged 3.42 percent from 1970 until 2020, 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 July of 2020. source: ANZ Bank New Zealand
Business Confidence in New Zealand is expected to be -25.00 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 -10.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 10.00 percent in 2021 and 15.00 percent in 2022, according to our econometric models.