New Zealand Business Confidence August 2016

New Zealand

New Zealand: Business confidence decreases marginally in August due to seasonal factors

August 30, 2016

Economic sentiment among New Zealand businesses fell slightly in August, marking a second consecutive decline. The ANZ Bank Business Outlook indicator showed that in August a net 15.5% of surveyed firms expected better economic conditions in the next 12 months, which was marginally lower than the 16.0% recorded in July. Despite the decline, the business confidence indicator remains above the 0% threshold that separates optimists from pessimists.



ANZ said that August’s print mainly reflected a moderation in economic sentiment in the construction sector. In the agricultural sector, confidence among firms remained depressed, despite recording the largest jump in the month. Nonetheless, ANZ noted that the mild drop in overall confidence in August reflected purely seasonal factors and that, “the story is very robust when you dig a little deeper. After adjusting for seasonality, business confidence hit a 20-month high in August.”

FocusEconomics Consensus Forecasts panelists expect fixed investment to grow 3.7% in 2016, which is down 0.5 percentage points from last month’s estimate. For 2017, the panel sees fixed investment accelerating to 3.5%.


Author:,

Sample Report

Looking for forecasts related to Business Confidence in New Zealand? Download a sample report now.

Download




New Zealand Economic News

  • New Zealand: RBNZ on hold in June

    June 22, 2017

    At its meeting held on 22 June, the Reserve Bank of New Zealand (RBNZ) met market analysts’ expectations by keeping the Official Cash Rate (OCR) steady at a record low of 1.75%, where it has been since November 2016. The Central Bank’s latest decision reflects its cautious stance against a backdrop of pervasive uncertainty abroad and slower economic activity at home.

    Read more

  • New Zealand: Consumers more upbeat in Q2

    June 19, 2017

    The Westpac-McDermott Miller consumer confidence indicator increased from 111.9 points in Q1 to 113.4 points in Q2, remaining comfortably above the 100-threshold that separates optimists from pessimists. Q2’s increase reflects consumers’ more optimistic outlook in almost all components of the index.

    Read more

  • New Zealand: Economy expands modestly in Q1

    June 15, 2017

    The latest data confirm that the economy of New Zealand has shifted into a lower gear.

    Read more

  • New Zealand: Business confidence improves notably in June

    May 31, 2017

    Economic sentiment among New Zealand businesses firmed up in June.

    Read more

  • New Zealand: Consumer confidence dips at the start of the year

    May 16, 2017

    The Westpac-McDermott Miller consumer confidence indicator dropped from 113.1 points in Q4 to 111.9 points in Q1, but stayed comfortably above the 100-threshold that separates optimists from pessimists. Q1’s decline reflected consumers’ more pessimistic outlook in almost all components of the index.

    Read more

More news

Search form