The ANZ Business Confidence Index measures the level of optimism that New Zealand business leaders have regarding the economy over the next 12 months. It is a leading indicator of economic health, as business sentiment directly influences hiring, investment, and overall spending. A positive reading indicates that more businesses are optimistic than pessimistic about future growth.
The index is derived from a survey of approximately 1,500 firms across various sectors. It calculates the net percentage of respondents who expect the general business situation to improve.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 30, 2026 | — | 40.00 | — |
| Aug 31, 2026 | 53.70 | 55.70 | -2.00 |
| Jul 30, 2026 | 56.10 | 36.00 | +20.10 |
| Jun 30, 2026 | 36.60 | 11.00 | +25.60 |
| May 29, 2026 | 10.00 | -8.00 | +18.00 |
| Apr 30, 2026 | -10.60 | 27.00 | -37.60 |
| Mar 31, 2026 | 32.50 | 57.00 | -24.50 |
| Feb 26, 2026 | 59.20 | 67.00 | -7.80 |
| Jan 29, 2026 | 64.10 | 73.90 | -9.80 |
| Dec 19, 2025 | 73.60 | 49.80 | +23.80 |
| Nov 27, 2025 | 67.10 | 57.70 | +9.40 |
| Oct 30, 2025 | 58.10 | 49.90 | +8.20 |
| Sep 30, 2025 | 49.60 | 56.00 | -6.40 |
| Aug 28, 2025 | 49.70 | 49.00 | +0.70 |
| Jul 30, 2025 | 47.80 | 48.00 | -0.20 |
| Jun 30, 2025 | 46.30 | 45.00 | +1.30 |
| May 29, 2025 | 36.60 | 53.00 | -16.40 |
| Apr 30, 2025 | 49.30 | 50.00 | -0.70 |
| Mar 31, 2025 | 57.50 | 58.00 | -0.50 |
| Feb 27, 2025 | 58.40 | 56.00 | +2.40 |
| Jan 30, 2025 | 54.40 | 62.60 | -8.20 |
| Dec 19, 2024 | 62.30 | 60.00 | +2.30 |
| Nov 28, 2024 | 64.90 | 66.00 | -1.10 |
| Oct 31, 2024 | 65.70 | 55.00 | +10.70 |
| Sep 30, 2024 | 60.90 | 43.00 | +17.90 |
| Aug 29, 2024 | 50.60 | 20.00 | +30.60 |
| Jul 31, 2024 | 27.10 | 4.50 | +22.60 |
| Jun 27, 2024 | 6.10 | 10.20 | -4.10 |
| May 29, 2024 | 11.20 | 15.00 | -3.80 |
| Apr 30, 2024 | 14.90 | 24.00 | -9.10 |
| Mar 28, 2024 | 22.90 | 34.00 | -11.10 |
| Mar 27, 2024 | 22.90 | — | — |
| Feb 29, 2024 | 34.70 | 38.00 | -3.30 |
| Jan 31, 2024 | 36.60 | 30.00 | +6.60 |
| Dec 19, 2023 | 33.20 | 33.00 | +0.20 |
| Nov 30, 2023 | 30.80 | 19.00 | +11.80 |
| Oct 31, 2023 | 23.40 | 1.00 | +22.40 |
| Sep 28, 2023 | 1.50 | — | — |
| Aug 31, 2023 | -3.70 | -1.90 | -1.80 |
| Jul 31, 2023 | -13.10 | — | — |
| Jun 29, 2023 | -18.00 | -28.10 | +10.10 |
| May 31, 2023 | -31.10 | -43.40 | +12.30 |
| Apr 27, 2023 | -43.80 | — | — |
| Mar 30, 2023 | -43.40 | — | — |
| Feb 28, 2023 | -43.30 | — | — |
| Jan 27, 2023 | -52.00 | — | — |
| Dec 20, 2022 | -70.20 | — | — |
| Nov 30, 2022 | -57.10 | — | — |
| Oct 26, 2022 | -42.70 | — | — |
| Sep 29, 2022 | -36.70 | — | — |
| Aug 31, 2022 | -47.80 | — | — |
