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Indicator Showing Business Confidence in New Zealand

Country:
NZDNew Zealand
Importance:
Data Trends
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DateValue
ForecastActualDeviation
Market Impact of Economic Indicator Releases
To understand the market impact of economic indicator releases, this metric represents the relative price change over a specific period following the release.
Formula: (Close price N minutes after the release - Open price at the time of the release) / Open price at the time of the release
DateRelated Instruments Price Volatility
1 min later5 min later10 min later15 min later30 min later
About Indicator Showing Business Confidence in New Zealand

The ANZ Business Confidence Index measures how businesses in New Zealand perceive the current and future economic conditions. This survey is conducted monthly by ANZ Bank, gathering opinions from business leaders across various industries such as manufacturing, retail, and construction.

The index is based on a scale where a reading above 0 indicates strong business confidence, and a reading below 0 indicates weak confidence. When business confidence is rising, it suggests increased business investment and economic activity. Conversely, a declining index suggests reduced business investment and potential economic stagnation.

This data is a valuable resource for policymakers to assess business sentiment and formulate appropriate economic policies. It also serves as an important source of information for businesses and investors to develop economic forecasts and investment strategies.

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