Upcoming New Zealand Business Survey

The final result of the ANZ New Zealand Business Survey for November is expected at 0000 GMT.

Business confidence and business outlook are twin headlines, of the two business outlook tends to be the best indicator of how companies view their prospects.

Based on flash reads for the month of November:
Business outlook 15.6% Business confidence -18.1% ANZ remarks on the preliminary:
Almost all forecast activity indicators are slackening

  • Investment intentions fall by 2 points
  • hiring intentions increased by 5 points

Expected profitability fell 3 points with a net 9% of companies expecting lower profits to come

  • This is likely related to extreme cost pressures, with 89% net of companies reporting higher costs, up 2%, while only 65% ​​net intend to increase their prices (which, although much lower than the proportion of firms with higher costs, is historically exceptionally high).


  • The only certainty is that the costs are skyrocketing.

Cost pressures will keep RBNZ on track for further rate hikes to come.


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