New Zealand: Business confidence decreases in April
Latest reading: Business confidence came in at 49.3 in April, down from March’s 57.5. April’s result marked the weakest since July 2024, and was likely linked to rising global trade tensions during the month.
More positively, reported past activity—which has the strongest correlation with GDP—rose ten points to +11, which chimes with our panelists’ forecasts for the economy to return to growth in year-on-year terms in Q2.