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.