|Adjustments||Not Seasonally Adjusted|
|Source||Australia and New Zealand Banking Group Limited (ANZ)|
|Business Confidence||Jan 2023||-52||-70.2||%, NSA||Monthly|
|Capacity Utilization||Jan 2023||-5.3||-14.3||%, NSA||Monthly|
|Change in Inventories||2022 Q3||422||433||Mil. NZD, SA||Quarterly|
|Real Change in Inventories||2022 Q3||479||259||Mil. Ch. 2009/2010 NZD, SA||Quarterly|
Business Outlook is designed to provide a snapshot of business opinions regarding the expected future state of their business and the New Zealand economy overall. The survey provides useful coincident information on the economy and is timelier than official statistics.
Business Outlook is aimed at all business sectors and at all business sizes, since together this better represents the New Zealand economy (which is made up of many small and medium-sized firms) than large corporations alone. By surveying the entire spectrum of businesses types and sizes, not only can National Bank better serve its clients, but both market analysts and businesses people can garner a variety of information about business views at different points of the business cycle.
The survey is not conducted in January.
The source writes:
Business Outlook is a sample survey. That is; only a proportion of the economy is used to represent the economy as a whole. Many official statistics are calculated in a similar manner; therefore – from a theoretical viewpoint – the survey process is not unusual.
Business Outlook is a monthly survey with around 700 respondents. Each firm self-selects its business sector, region of residence, and firm size. And despite the survey’s apparent paucity, the sampling is stratified and collectively exhaustive. Thus, it is less variable and more reliable than a random population sample. Figures 3 and 4 illustrate how encompassing this self-sampling is.
The survey itself asks a variety of questions. For example:
For the sectors that apply, the survey asks:
As of 2019m12, the interest rates and unemployment questions were dropped.
Data is revised when new data becomes available.