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Market Impact: 0.35

New Zealand Business Sentiment Hits Lowest Since 2024 Recession

Economic DataGeopolitics & WarCorporate EarningsCorporate Guidance & OutlookInvestor Sentiment & Positioning

Business sentiment in New Zealand slumped in March to the lowest level since mid-2024, with the Middle East conflict cited as weighing on earnings and investment outlooks. Expect a more risk-off stance from corporates and investors, potential downside to near-term earnings and capex, and pressure on investment- and tourism-sensitive sectors.

Analysis

Business sentiment in New Zealand slumped in March to the lowest level since mid-2024, with the Middle East conflict cited as weighing on earnings and investment outlooks. Expect a more risk-off stance from corporates and investors, potential downside to near-term earnings and capex, and pressure on investment- and tourism-sensitive sectors.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.35