The ANZ Business Confidence Index in New Zealand jumped to 9.4 in December 2020 from a final -6.9 a month earlier, preliminary data showed. This was the first positive reading since August 2017, amid the imminent prospect of travel bubbles, encouraging vaccine news, and continued support from both monetary and fiscal sides. Activity outlook (21.7 vs 9.1 in November), export intentions (10.3 vs 2.4), and investment intentions (8.6 vs 0.6) soared. Also, profit expectations (6.8 vs -11.0) and employment intentions (8.8 vs 0.0) lifted, with capacity utilization accelerating (9.3 vs 5.9). At the same time, pricing intentions increased faster (35.1 vs 26.1), while inflation expectations rose further (1.65 vs 1.52). Among sector, both commercial construction (29.2 vs 12.5) and residential (20.0 vs 13.0) grew more. source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 3.11 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 February of 2021.
Business Confidence in New Zealand is expected to be 7.50 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 12.00 in 12 months time. In the long-term, the New Zealand Business Confidence is projected to trend around 6.30 percent in 2021 and 7.00 percent in 2022, according to our econometric models.