New Zealand NZD

New Zealand ANZ Business Confidence Final

Impact:
Medium
Source: ANZ Bank New Zealand

Latest Release:

Date:
Big Surprise:
-25.3
| NZD
Actual:
-51.8
Forecast: -26.5
Previous/Revision:
-23.2
Period: Feb
What Does It Measure?
The ANZ Business Confidence Final measures the overall confidence of businesses in New Zealand regarding economic conditions and their own prospects. It specifically assesses key areas such as employment, investment intentions, and activity expectations, serving as a composite index where values above zero indicate optimism or expansion, while values below zero suggest pessimism or contraction; it is primarily a national indicator.
Frequency
The ANZ Business Confidence Final is released monthly, typically on the last business day of the month, and represents a final figure that reflects finalized data compiled from earlier estimates.
Why Do Traders Care?
Traders pay close attention to the ANZ Business Confidence Final as it serves as a leading economic indicator, impacting financial markets by influencing sentiment around New Zealand’s economic growth. Higher-than-expected confidence levels are bullish for the New Zealand dollar (NZD) and equities, while weaker readings can be bearish for these assets.
What Is It Derived From?
The ANZ Business Confidence Final is derived from a survey of a significant number of New Zealand businesses across various sectors, focusing on their expectations about future business conditions. The results are calculated using diffusion indices, where a higher value indicates a positive outlook, reflecting the proportion of respondents who express optimism.
Description
The ANZ Business Confidence Final provides valuable insights into the business sentiment prevailing within New Zealand’s economy, enabling stakeholders to gauge potential future economic activities. Preliminary reports are based on early responses, while final reports include confirmed data, with markets reacting strongly to preliminary results due to their timely nature, and final results may adjust market perceptions as more accurate information is revealed.
Additional Notes
This index acts as a leading economic measure, offering forward-looking indications of economic performance while also being compared with other indicators like consumer confidence and GDP growth rates. Moreover, it can reflect broader regional developments or macroeconomic trends impacting New Zealand's trading partners.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for NZD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Feb 28, 2022
-51.8
 -26.5
-23.2
-25.3
Oct 27, 2021
-13.4
 -8.6
-7.2
 -4.8
Jun 30, 2021
-0.6
 -0.4
1.8
 -0.2
May 31, 2021
1.8
 7
-2
 -5.2
Apr 29, 2021
-2
 -8.4
-4.1
 6.4
Mar 31, 2021
-4.1
 0
7
 -4.1
Feb 25, 2021
7
 11.8
9.4
 -4.8
Nov 30, 2020
-6.9
 -15.6
-15.7
 8.7
Oct 29, 2020
-15.7
 -14.5
-28.5
 -1.2