A monthly measure of New Zealand business confidence. A representative sample of New Zealand’s businesses is surveyed about their outlook for the next twelve months. Positive sentiment bodes well for the economy, usually associated with higher employment, rising income, and increased investment due to expectations of economic expansion. It is a good early indicator for the direction of the economy, rising before economic boon and falling prior to recessions. Questions covered: business confidence, labor market, interest rates, inflation, and many other economic outlook conditions.
The figure is reported as the percentage of optimistic businesses surveyed minus the percentage of those that believe conditions will deteriorate.
Relevance : Moderate market impact
Release Schedule : 13:00 (GMT); monthly (except on January), on the last day of the reporting period
Source of Report : National Bank of New Zealand
Web Address : http://www.nationalbank.co.nz/default.asp
Address of Release: http://www.nationalbank.co.nz/economics/outlook/
AKA: NBNZ Business Confidence
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