The NBNZ Business Confidence Index measures how businesses in New Zealand perceive the current and future economic conditions. This survey is conducted by the National Bank of New Zealand (NBNZ) and aggregates the opinions of business leaders from various industries. The index is based on a scale where a reading above 0 indicates strong business confidence, while 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.
New Zealand