New Zealand Business Confidence

Last Release

Apr 30, 2025

Actual

49.3

Units In

57.5

Frequency

Monthly

Next Release

May 29, 2025

Time to Release

27 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
80.9 Feb 1994	-76.4 Dec 1974	2.53 %	1970-2025	ANZ Bank New Zealand

In New Zealand, the business confidence index is designed to provide a snapshot of business opinions regarding the expected future state of their business and economy overall. The survey covers around 700 respondents. The Net index is calculated by subtracting the percentage number of businesses that expect that the economic situation improves from the number that expect decline.

Latest Updates

New Zealand's ANZ Business Outlook Index dropped sharply to 49.3 in April 2025 from 57.5 in the previous month, hitting its lowest level since July 2024. The decline came amid global market turbulence triggered by U.S. tariff announcements. Export intentions weakened (12.2 vs 17.3), as did pricing intentions (49.4 vs 51.3), while investment intentions remained stable (17.2 vs 17.3) and employment intentions improved (18.1 vs 15.6). Forward-looking activity edged down (47.7 vs 48.6), though past activity saw a notable rebound (11.3 vs 0.8). Profit expectations were little changed (28.5 vs 29.4), while cost expectations surged to their highest since September 2023 (77.9 vs 74.1), and wage pressures remained elevated (81.3 vs 80.0). Inflation expectations held steady (2.65% vs 2.63%), but credit availability deteriorated (18.2 vs 23.7). Residential construction stayed solid (50.0 vs 47.2), while commercial construction activity remained stable (35.3 vs 33.3).