New Zealand Business Confidence April 2016

New Zealand

New Zealand: Business confidence improves slightly in April following six-month low

April 29, 2016

In April, confidence among firms recovered part of the ground lost in March, when business sentiment fell to the lowest level since September 2015. According to the ANZ Bank Business Outlook indicator, in April a net 6.2% of surveyed firms expect better economic conditions in the next 12 months. The result came in above the net 3.2% registered in March. Nonetheless, business confidence continues to hover just above the 0%-threshold that separates optimists from pessimists.

ANZ indicated that gains were registered in retail, construction and services. Meanwhile, business confidence among agricultural firms improved compared to the previous month, but is still weak.

FocusEconomics Consensus Forecasts panelists expect fixed investment to grow 3.5% in 2016, which is down 0.4 percentage points from last month’s estimate. For 2017, the panel sees fixed investment accelerating to 4.3%.

Author:, Senior Economist

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New Zealand Business Confidence Chart

New Zealand Business Confidence April 2016

Note: Percentage of respondents expecting improvement in general business conditions minus percentage expecting deterioration. An index number above 0 indicates that optimists outnumber pessimists. The survey is not conducted in January.
Source: ANZ Bank Business Outlook.

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