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). source: ANZ Bank New Zealand
Business Confidence in New Zealand averaged 2.41 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 June of 2022.
Business Confidence in New Zealand is expected to be 8.00 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.