Forex Dictionary

NZIER Business Confidence

NZIER Business Confidence

Measures the general conditions of manufacturers, builders, architects, wholesalers and retailers, and service sector firms. The index is derived from a survey that asks respondents to rate the level of general business activity as 'decrease', 'increase', or 'no change'. A rising trend has a positive effect on the nation's currency because high levels of business confidence are a sign of a strong economy.