Business Confidence in New Zealand
ANZ Business Confidence (New Zealand)
Business Confidence Remains Still Pretty Negative
Starts Thursday, June 27, 2019 at 01:00
Updated Friday, June 21, 2019
The business confidence in New Zealand started turning negative at the end of 2017 and the trend deteriorated further last year when it declined to -50.3 points in August. The current global trade tariffs and other major events have deteriorated the global business sentiment which has affected New Zealand. Although business confidence improved in the last several months of 2018, but it still closed the year negative at -24.1 point as December's report showed. But, in February we saw another deterioration as this indicator fell to -30.9 points again. In March, the consumer confidence deteriorated further to -38.0 points and it remained at the same levels in April at -37.5 points. It improved a bit last month to -32 points but it still remains pretty negative. Please follow us for live coverage of this event by experienced market analysts.
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About ANZ Business Confidence (New Zealand)
This is a diffusion index which takes into account surveyed manufacturers, builders, retailers, agricultural firms, and service providers. It is a broad measure of the New Zealand economy since it takes into account all the sectors and the insight from the managers is probably the best you van get about any economy since they hold the best knowledge of economic trends in their sectors/industries.
|It is released on a monthly basis at the end of the current month, which makes it a pretty up to date indicator. Above 0.0 indicates optimism, below indicates pessimism.|