New Zealand Business Confidence

Last Release

Oct 31, 2024

Actual

65.7

Units In

60.9

Frequency

Monthly

Next Release

Nov 28, 2024

Time to Release

25 Days 23 Hours

Highest	Lowest	Average	Date Range	Source
80.9 Feb 1994	-76.4 Dec 1974	1.84 %	1970-2024	ANZ Bank New Zealand

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.

Latest Updates

The ANZ Business Outlook Index in New Zealand climbed to 65.7 in October 2024 from 60.9 in September, marking its highest reading since March 2014 as steady falls in interest rates injected new optimism into businesses. Expected own activity edged higher (45.9 vs 45.3 in September), and past activity hit its highest since March (-10.5 vs -18.5). In addition, export intentions strengthened (17.1 vs 13.8), with investment intentions notching an over 3-year top (20.0 vs 9.2) and employment determinations hitting their highest since November 2021. Pricing intentions increased further (44.2 vs 42.8) amid optimism in profit expectations (27.0 vs 22.2), a slight moderation in cost expectations (64.2 vs 66.8), and persistent wage pressure (77.0 vs 76.4). At the same time, credit availability rose (23.5 vs 19.1) and inflation expectations eased slightly (2.83% vs 2.92%). Residential construction held its rapid gains (38.7 vs 38.9) while commercial construction surged (26.5 vs 16.2).