New Zealand’s ANZ Business Outlook Index dropped to 64.1 in January from 73.6 in the prior month, marking its lowest level since October, though sentiment stayed firmly positive. Expected own activity eased (51.6 vs 60.9 in December, while past activity slipped (26.2 vs 29.3) but remained near its second-highest since August 2021. Forward-looking indicators softened: export intentions (20.4 vs 25.6), employment intentions (22.4 vs 27.5), and profit expectations (32.9 vs 42.7). Meanwhile, cost pressures intensified (77.8 vs 76.1) and credit availability tightened further (16.3 vs 28.4). At the same time, pricing intentions strengthened (56.5 vs 51.7), wage growth expectations edged up (2.82 vs 2.70), and investment intentions was stable (28.3 vs 28.1). Inflation expectations ticked higher (2.77% vs 2.69%). Sector trends diverged, with residential construction intentions improving (58.8 vs 54.8), while commercial construction slumped (44.7 vs 57.1). source: ANZ Bank New Zealand

Business Confidence in New Zealand decreased to 64.10 points in January from 73.60 points in December of 2025. Business Confidence in New Zealand averaged 3.48 points from 1970 until 2026, reaching an all time high of 80.90 points in February of 1994 and a record low of -76.40 points in December of 1974. This page provides - New Zealand Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. New Zealand Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Business Confidence in New Zealand decreased to 64.10 points in January from 73.60 points in December of 2025. Business Confidence in New Zealand is expected to be 75.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Business Confidence is projected to trend around 74.00 points in 2027 and 79.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-19 12:00 AM
ANZ Business Confidence
Dec 73.6 67.1 49.8
2026-01-29 12:00 AM
ANZ Business Confidence
Jan 64.1 73.6 73.9
2026-02-26 12:00 AM
ANZ Business Confidence
Feb 64.1


Related Last Previous Unit Reference
Bankruptcies 47.00 86.00 Individuals Nov 2025
ANZ Business Confidence 64.10 73.60 points Jan 2026
NZIER Capacity Utilization 89.80 89.10 percent Dec 2025
Car Registrations 3015.00 3510.00 Units Dec 2025
Changes in Inventories -429.00 -45.00 NZD Million Sep 2025
Corruption Index 83.00 85.00 Points Dec 2024
Corruption Rank 4.00 3.00 Dec 2024
Industrial Production -0.70 -4.80 percent Sep 2025
Manufacturing Sales YoY 0.90 -0.50 percent Sep 2025


New Zealand Business Confidence
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.
Actual Previous Highest Lowest Dates Unit Frequency
64.10 73.60 80.90 -76.40 1970 - 2026 points Monthly

News Stream
New Zealand Business Sentiment Falls to 3-Month Low
New Zealand’s ANZ Business Outlook Index dropped to 64.1 in January from 73.6 in the prior month, marking its lowest level since October, though sentiment stayed firmly positive. Expected own activity eased (51.6 vs 60.9 in December, while past activity slipped (26.2 vs 29.3) but remained near its second-highest since August 2021. Forward-looking indicators softened: export intentions (20.4 vs 25.6), employment intentions (22.4 vs 27.5), and profit expectations (32.9 vs 42.7). Meanwhile, cost pressures intensified (77.8 vs 76.1) and credit availability tightened further (16.3 vs 28.4). At the same time, pricing intentions strengthened (56.5 vs 51.7), wage growth expectations edged up (2.82 vs 2.70), and investment intentions was stable (28.3 vs 28.1). Inflation expectations ticked higher (2.77% vs 2.69%). Sector trends diverged, with residential construction intentions improving (58.8 vs 54.8), while commercial construction slumped (44.7 vs 57.1).
2026-01-29
New Zealand Business Sentiment Hits 30-Year Peak
New Zealand’s ANZ Business Outlook Index surged to 73.6 in December 2025 from 67.1 in the prior month, marking its highest level since March 1994, boosted by renewed confidence in an economic rebound, improving business outlook, and continued monetary easing. Expected own activity notched its highest level in three decades (60.9 vs 53.1 in November), and past own activity reached its strongest print since August 2021 (29.1 vs 21.3). Export intentions also strengthened (25.6 vs 23.2), as did employment intentions (27.5 vs 18.5), investment intentions (28.1 vs 19.9), profit expectations (42.7 vs 27.6), and pricing determination (51.7 vs 50.5). Wage growth expectations edged higher (2.70 vs 2.58) amid rising cost pressures (76.1 vs 73.8) and a drop from a record high in credit availability (28.4 vs 32.1). Inflation expectations remained stable (at 2.69%). In sectors, both residential construction intentions (54.8 vs 46.3) and commercial construction (57.1 vs 46.5) strengthened.
2025-12-19
New Zealand Business Sentiment Highest in Over 11 Years
New Zealand’s ANZ Business Outlook Index jumped to 67.1 in November 2025 from 58.1 in the prior month, marking its highest level since March 2014, as continued monetary easing bolstered confidence in an economic rebound. Expected own activity climbed to a more than decade-high (53.1 vs 44.6 in October), and past own activity reached its strongest print since August 2021 (21.3 vs 4.6). Export intentions also improved (23.2 vs 17.3), alongside firmer employment intentions (18.5 vs 15.0), profit expectations (27.6 vs 20.6), and pricing intentions (50.5 vs 43.9). Wage growth expectations were steady (2.58 vs 2.57) amid easing cost pressures (73.8 vs 75.8). Investment intentions slowed slightly (19.9 vs 21.6), though credit availability hit a record high (32.1 vs 24.8). Inflation expectations remained stable (2.69% vs 2.75%). In sectors, residential construction intentions strengthened notably (46.3 vs 36.6), while commercial construction posted its strongest pace since 2014 (46.5 vs 33.3).
2025-11-27