Monitor NZ Prelim ANZ Business Confidence for insights into future economic activities like spending and hiring.
This index serves as a key indicator of economic vitality, as businesses tend to quickly adjust to market conditions. Shifts in their sentiment can provide early insight into future economic activities such as spending, hiring, and investment. The source first released preliminary data in April 2020, omitted reports between June 2021 and September 2021, and ceased this data in November 2021.
What it Measures
The index reflects the level of a diffusion index compiled from surveys of manufacturers, builders, retailers, agricultural enterprises, and service providers.
Usual Effect
A result that exceeds forecasts is considered beneficial for the currency.
Source & Frequency
ANZ (latest release) - https://www.anz.com.au/ • Data is published monthly, with the exception of January and December, typically around six days into the current 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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