New Zealand skyline

New Zealand Economic Sentiment October 2021

New Zealand: Business confidence dips in October

The ANZ bank business outlook indicator weakened in October. As a consequence, a net 8.6% of firms reported that they expect general business conditions to worsen in the year ahead, deteriorating from a net 7.2% of firms expecting bleaker general business conditions in the year ahead in September. As a result, the headline reading moved further below the net-0% threshold that separates optimism from pessimism among businesses.

Business turned less pessimistic with regards to ease of credit expectations and their inflation expectations eased slightly. However, export and investment intentions worsened.

Meanwhile, firms’ outlooks regarding their own activity—a metric which has a stronger correlation to GDP growth—rose to a net 26.2% in October from a net 18.2% in September.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest