According to the April business confidence indicator published by the National Bank of New Zealand (NBNZ), a net 35.8% of respondents to the survey expect better economic conditions for the next 12 months. The print was up 2.0 points over the March reading. As a result of the April increase, the index moved further above the 0-point threshold, which indicates that optimistic respondents outnumber pessimists. The improvement reflected an increase in confidence in the retail and services sectors. In addition, businesses' own activity expectations remained strong in April. The reading suggests that more businesses are expecting an improvement in their own activity in the next 12 months. Moreover, the April survey displayed that firms' investment intentions improved over the previous month, with a net 18.0% of respondents expecting better conditions for investing in buildings, plants and machinery over the next 12 months.
New Zealand Business Confidence
Business confidence rises in April
April 30, 2012
Looking for forecasts related to Business Confidence in New Zealand? Download a sample report now.
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.