Nouvelle-Zélande Confiance Des Entreprises

New Zealand's ANZ Business Outlook Index dropped sharply to 49.3 in April 2025 from 57.5 in the previous month, hitting its lowest level since July 2024. The decline came amid global market turbulence triggered by U.S. tariff announcements. Export intentions weakened (12.2 vs 17.3), as did pricing intentions (49.4 vs 51.3), while investment intentions remained stable (17.2 vs 17.3) and employment intentions improved (18.1 vs 15.6). Forward-looking activity edged down (47.7 vs 48.6), though past activity saw a notable rebound (11.3 vs 0.8). Profit expectations were little changed (28.5 vs 29.4), while cost expectations surged to their highest since September 2023 (77.9 vs 74.1), and wage pressures remained elevated (81.3 vs 80.0). Inflation expectations held steady (2.65% vs 2.63%), but credit availability deteriorated (18.2 vs 23.7). Residential construction stayed solid (50.0 vs 47.2), while commercial construction activity remained stable (35.3 vs 33.3).