Monitor NZ ANZ Business Confidence to gauge economic trends. Above 0.0 signals growth optimism.
This serves as a key indicator of economic health, as businesses respond swiftly to market conditions. Variations in their sentiment can provide early signals of forthcoming economic activity, including spending, hiring, and investment. A reading above 0.0 signifies optimism, while a reading below indicates pessimism. During the periods from April 2020 to June 2021 and September 2021 to November 2021, there were two variations of this report: Preliminary and Final. The 'Previous' data during this time represents the 'Actual' figures from the Preliminary release, which may explain the disconnect in 'History' data.
What it Measures
This index measures the level of a diffusion index derived from surveys conducted with manufacturers, builders, retailers, agricultural enterprises, and service providers.
Usual Effect
An 'Actual' figure exceeding the 'Forecast' is favorable for the currency.
Source & Frequency
ANZ (latest release) - https://www.anz.com.au/ • The report is typically published monthly towards the end of the month.
How Data is Derived
Survey of about 2,000 businesses which asks respondents to rate the relative 12-month economic outlook
Also Known As
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Acronym
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