The ANZ Business Outlook Index in New Zealand fell to -62.6 in June of 2022 from -55.6 in the prior month. This was the 12th straight month of negative reading and the lowest figure since April 2020, amid mounting worries over the health of domestic economy, persistent supply-side constraints and intense cost pressures. Activity outlook deteriorated further(-9.1 vs -4.7 in May) while profit expectations were around the 2008/2009 lows (-41.4 vs -31.3) and export intentions were lackluster (-0.5 vs -1.6). Also, intense cost pressures lingered (93.5 vs 95.5), inflation expectations showed no meaningful easing yet (6.02% vs 6.18), and the ease of credit remained at a low level (-62.8 vs -60.16 ). At the same time, employment intentions slowed sharply (0.7 vs 6.1), while pricing intentions stayed very high (73.7 vs 71.0). Among sector, expectations for residential construction continued to fall, with very low levels suggesting a potential sudden stop ahead (-57.9 vs -50.0). source: ANZ Bank New Zealand

Business Confidence in New Zealand averaged 2.26 percent from 1970 until 2022, 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 2022.

Business Confidence in New Zealand is expected to be -59.00 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 2023, according to our econometric models.

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New Zealand Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-31 01:00 AM ANZ Business Confidence May -55.6 -42.0 -38
2022-06-30 01:00 AM ANZ Business Confidence Jun -62.6 -55.6 -59
2022-07-28 01:00 AM ANZ Business Confidence Jul -62.6


Related Last Previous Unit Reference
Business Confidence -62.60 -55.60 percent Jun 2022

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
-62.60 -55.60 80.90 -76.40 1970 - 2022 percent Monthly

News Stream
New Zealand Business Mood Drops to 26-Month Low
The ANZ Business Outlook Index in New Zealand fell to -62.6 in June of 2022 from -55.6 in the prior month. This was the 12th straight month of negative reading and the lowest figure since April 2020, amid mounting worries over the health of domestic economy, persistent supply-side constraints and intense cost pressures. Activity outlook deteriorated further(-9.1 vs -4.7 in May) while profit expectations were around the 2008/2009 lows (-41.4 vs -31.3) and export intentions were lackluster (-0.5 vs -1.6). Also, intense cost pressures lingered (93.5 vs 95.5), inflation expectations showed no meaningful easing yet (6.02% vs 6.18), and the ease of credit remained at a low level (-62.8 vs -60.16 ). At the same time, employment intentions slowed sharply (0.7 vs 6.1), while pricing intentions stayed very high (73.7 vs 71.0). Among sector, expectations for residential construction continued to fall, with very low levels suggesting a potential sudden stop ahead (-57.9 vs -50.0).
2022-06-30
New Zealand Business Mood Falls to 25-Month Low
The ANZ Business Outlook Index in New Zealand fell to -55.6 in May of 2022 from -42.0 in the prior month, pointing to the the 11th straight month of negative reading. The latest reading also marked the lowest print since COVID-19 first hit the country in April 2020, amid mixed activity indicators and persistent inflation pressure. There was a deterioration in both own activity outlook (-4.7 vs 8 in April) and export intentions (-1.6 vs 9.5), while employment intentions slowed sharply (6.1 vs 9.4). At the same time, cost expectations stayed intense (95.5 vs 95.5), while expectations for profits were little changed (-31.3 vs -30.0), and the ease of credit was still at a low level (-60.6 vs -60.1 ). Also, Inflation expectations remained intense (6.18% vs 5.92)though pricing intentions eased further (71.0 vs 76.7). Among sector, residential construction plummeted to a four-month low (-50.0 vs -36.8). Further, investment intentions strengthened but remained subdued (8.6 vs 3.1).
2022-05-31
New Zealand Business Mood Little Changed
The ANZ Business Outlook Index in New Zealand was at -42.0 in April 2022, compared with March's figure of -41.9. The latest reading marked the tenth straight month of negative reading, amid mixed activity indicators and intense inflation pressure. Own activity outlook bounced sharply as Omicron disruption waned (8.0 vs 3.3 in March), with export intentions strengthening (9.5 vs 7.9). At the same time, there was moderation in both investment intentions (3.1 vs 5.2) and employment intentions (9.4 vs 12.3), while expectations for profits remained under pressure (-30.0 vs -27.1). Meanwhile, cost expectations stayed intense (95.5 vs 95.9) amid a slight improvement in the ease of credit (-60.1 vs -64.4 ). Inflation expectations hit record high again (5.92% vs 5.51%) though pricing intentions eased slightly (76.7 vs 80.5).
2022-04-28