New Zealand skyline

New Zealand Business Confidence September 2019

New Zealand: Business confidence plunges further into pessimistic territory in September

The ANZ bank business outlook indicator fell by 1.2 points in September, with a net 53.5% of firms reporting that they expect general business conditions to deteriorate in the year ahead. The headline reading therefore moved further below the net-0% threshold that separates pessimism from optimism among businesses. September’s result reflected falling profit expectations and investment intentions, which more than offset slightly softer concerns over tighter credit conditions, and an uptick in employment intentions.

Meanwhile, firms’ outlook regarding their own activity—a metric which has a stronger correlation to GDP growth—declined to an over decade-low of net minus 1.8% in September, after reporting a net minus 0.5% in August. Notably, the activity outlook lays in negative territory for all sectors covered by the survey now.

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