Business confidence has surged to its strongest level since 2022, according to Auckland Business Chamber.

The February 2026 Business Confidence Survey, conducted between Sunday, February 9 and Tuesday, February 17, shows negative sentiment falling from 44% in November to 25%.

Positive sentiment doubled from 16% to 32%.

Simon Bridges, CEO of the Auckland Business Chamber, said the results mark a decisive shift.

“This is a material turnaround. After a long stretch of businesses feeling battered, this is a real lift in mood.”

Over half of businesses expect the economy to improve over the next 12 months.

The share reporting performance below expectations fell from 47% to 36%.

Revenue down year-on-year dropped from 50% to 41%, while revenue up lifted from 30% to 38%.

“We’re starting to see conditions firm. Confidence is leading performance, which is often how recovery phases begin,” Bridges said.

Hiring intentions softened, with 41% planning to hire, down from 47%.

Two-thirds have raised or plan to raise prices, up from 61% to 66%.

Cost pressure remains, with 78% expecting costs to rise, down four points since November.

Inflationary pressure and interest rates rose as a concern from 29% to 44%.

Consumer confidence and demand remains the top issue, cited by 55% of businesses.

“Confidence is improving, but cost pressure hasn’t gone away,” Bridges said.

Get the Hibiscus Coast headlines first.

Corrections, tips, or photos, [email protected]