According to the November business confidence index published by ANZ (previously published by the National Bank of New Zealand), a net 26.4% of respondents to the survey expect better economic conditions in the next 12 months. The figure represented an improvement compared to the 17.2% of respondents observed in the October survey. As a result, the index remains well above the 0-point threshold that indicates optimists outnumber pessimists. According to ANZ, business confidence improved in most sectors, with the exception of construction, where confidence waned somewhat over the previous month. Moreover, firms' own activity expectations - a better predictor for economic activity - improved over the previous month, with businesses also expecting improving conditions to invest in the year ahead.
New Zealand Business Confidence
Business confidence improves in November
November 29, 2012
Looking for forecasts related to Business Confidence in New Zealand? Download a sample report now.
New Zealand Business Confidence Chart
Note: Percentage of respondents expecting improvement in general business conditions minus percentage expecting deterioration. An index number above 0 indicates that optimists outnumber pessimists, while a number under 0 indicates more pessimists than optimists. The survey is not conducted in January.
Source: National Bank of New Zealand.
New Zealand Economic News
October 19, 2016
In Q3, consumer prices edged down from the quarter-on-quarter seasonally-adjusted 0.4% increase observed in Q2 to 0.2%.
September 30, 2016
Economic sentiment among New Zealand businesses rebounded in September after declining for two consecutive months.
September 22, 2016
At its meeting held on 22 September, the Reserve Bank of New Zealand (RBNZ) decided to keep the Official Cash Rate (OCR) at 2.00%.
September 19, 2016
New Zealanders’ confidence rose in Q3 after having deteriorated in the previous two quarters.
September 15, 2016
GDP grew a seasonally-adjusted 0.9% over the previous quarter in Q2, which matched the result tallied in Q1.