Monitor NZ NZIER Business Confidence to gauge economic trends. Reflects business outlook, impacting investment and hiring.
This is a key indicator of economic health, as businesses respond swiftly to market conditions. Shifts in their sentiment can foreshadow future economic activities such as spending, hiring, and investment. A reading above 0 signifies optimism, while a reading below indicates pessimism. Note that the source transitioned from seasonally adjusted to non-seasonally adjusted data starting in July 2003. The report is exclusively available to NZIER members.
What it Measures
It gauges the level of a diffusion index derived from responses of manufacturers, builders, wholesalers, retailers, and service providers.
Usual Effect
When the 'Actual' result exceeds the 'Forecast', it is favorable for the currency.
Source & Frequency
NZIER (latest release) - https://www.nzier.org.nz/ • The report is issued quarterly, typically on the first or second Tuesday following the end of the quarter.
How Data is Derived
Survey of about 4,300 businesses which asks respondents to rate the relative 6-month economic outlook
Also Known As
Survey of Business Opinion
Acronym
New Zealand Institute of Economic Research (NZIER)