According to the latest ANZ Business Outlook survey, business confidence across New Zealand remains strong despite a slight dip.

The survey, released yesterday, reports an eight-point drop in business confidence to +54 in January, while expected own activity eased by four points to +46. ANZ describes the figures as "easing, but still extremely high."

Economic Growth Minister Nicola Willis acknowledged the findings, stating that the economy is on a positive trajectory.

"The latest ANZ Business Outlook survey shows business confidence and expected own activity remain very high," Willis said.

She attributed the resilience to improving economic conditions, including inflation control and declining interest rates.

"New Zealanders have faced challenges with the high cost of living and elevated interest rates. This survey, along with NZIER’s findings this month, suggests conditions are set to improve," she said.

Willis emphasised the government's commitment to accelerating economic growth and ensuring businesses continue to thrive.

"Economic growth means more and better-paying jobs for Kiwis, creating community wealth and generating revenue for world-class infrastructure, healthcare, and education services," she said.

The ANZ survey serves as a key indicator of business sentiment nationwide.

While confidence levels fluctuate monthly, the latest data suggests businesses remain optimistic about their future performance.

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