Skip to content

Business outlook 26.2

ANZ in the New Zealand Business Survey, here are the flash results for October.

Some of the points made by ANZ, this in (very) brief:

  • the most forward-looking activity indicators remain or improve
  • Investment intentions jumped 5 points
  • hiring intentions decrease by 1 point
  • Expected profitability rebounded 13 points, with just 3% net of companies expecting lower profits.
  • Capacity utilization, which is normally well correlated with GDP, increased from 17% to 20%.
  • Inflationary pressures remain intense, with inflation expectations still above 3% and price intentions dropping from 58% to 64% net of companies planning to raise their prices in the coming months