Business Confidence in New Zealand
ANZ Business Confidence (New Zealand)
Improving Trend for the Business Confidence in New Zealand
Starts Thursday, February 28, 2019 at 00:00
Updated Tuesday, February 26, 2019
The business confidence in New Zealand last year started turning negative at the end of 2017 and the trend has deteriorated 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 has been improving in the last several months it still remains negative at -24.1 point as last month's report showed. 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.|