新西兰澳新银行商业展望指数从上个月的57.5大幅降至2025年4月的49.3，达到2024年7月以来的最低水平。这一下降是在美国关税公告引发的全球市场动荡之际出现的。出口意向减弱（12.2比17.3），定价意向减弱（49.4比51.3），而投资意向保持稳定（17.2比17.3，就业意向改善（18.1比15.6）。前瞻性活动小幅下降（47.7对48.6），尽管过去的活动出现了显著反弹（11.3对0.8）。利润预期变化不大（28.5比29.4），而成本预期飙升至2023年9月以来的最高水平（77.9比74.1），工资压力仍然较高（81.3比80.0）。通胀预期保持稳定（2.65%对2.63%），但信贷可用性恶化（18.2对23.7）。住宅建筑保持稳定（50.0比47.2），而商业建筑活动保持稳定（35.3比33.3）。
New Zealand's ANZ Business Outlook Index dropped sharply to 49.3 in April 2025 from 57.5 in the previous month, hitting its lowest level since July 2024. The decline came amid global market turbulence triggered by U.S. tariff announcements. Export intentions weakened (12.2 vs 17.3), as did pricing intentions (49.4 vs 51.3), while investment intentions remained stable (17.2 vs 17.3) and employment intentions improved (18.1 vs 15.6). Forward-looking activity edged down (47.7 vs 48.6), though past activity saw a notable rebound (11.3 vs 0.8). Profit expectations were little changed (28.5 vs 29.4), while cost expectations surged to their highest since September 2023 (77.9 vs 74.1), and wage pressures remained elevated (81.3 vs 80.0). Inflation expectations held steady (2.65% vs 2.63%), but credit availability deteriorated (18.2 vs 23.7). Residential construction stayed solid (50.0 vs 47.2), while commercial construction activity remained stable (35.3 vs 33.3).
