According to the August business confidence indicator published by the National Bank of New Zealand (NBNZ), a net 19.5% of respondents to the survey expect better economic conditions in the next 12 months. The result was up from the 15.1% of respondents in the July survey and represents a second consecutive improvement in business sentiment, driving the index further above the 0-point threshold that indicates optimists outnumber pessimists. According to the Bank, business confidence rose across all five sub-sectors, particularly in retail and construction activity. Moreover, firms own activity expectations - a better indicator for economic activity - continue to edge higher, suggesting that firms are less concerned about the global scene. The figure also reflects that business expect higher profits in the next 12 months, but are likely to be more cautious about their investment expectations in the year ahead.
New Zealand Business Confidence
Business confidence improves for second month in a row
August 30, 2012
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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.