ANZ Business Confidence measures business opinions in New Zealand regarding the expected future state of their business and the overall economy. The index is calculated by subtracting the percentage of businesses expecting economic improvement from those anticipating a decline. This indicator can provide insight into business sentiment and potential economic activity, influencing market expectations.
A higher than expected figure should be seen as positive (bullish) for the NZD while a lower than expected figure should be seen as negative (bearish) for the NZD.