New Zealand Business Confidence

Last Release

Jul 31, 2025

Actual

47.8

Units In

46.3

Frequency

Monthly

Next Release

Aug 28, 2025

Time to Release

27 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
80.9 Feb 1994	-76.4 Dec 1974	2.78 %	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 rose to 47.8 in July 2025 from 46.3 in June, marking a second straight monthly gain and the highest print since April. The improvement was supported by a lift in past own activity (5.9 vs 2.3 in June), though forward-looking activity was little changed (40.6 vs 40.9). Export intentions edged up (14.6 vs 13.9), and employment intentions also improved (11.8 vs 10.8), while investment intentions held steady (19.7 vs 19.9). Pricing intentions fell to their lowest since December 2024, amid easing inflation expectations (2.68% vs 2.71%). Cost expectations dipped but remained high (75.9 vs 79.0), while wage expectations rose (79.1 vs 76.1), pointing to lingering labor market tightness. Credit availability remained broadly stable (15.0 vs 15.9). However, residential construction slumped sharply to a one-year low (16.7 vs 44.8), contrasting with continued strength in commercial construction (28.9 vs 28.1), which stayed positive for a 13th straight month.