FX.co ★ New Zealand NBNZ Own Activity Index Slips in October, Pointing to Softer Business Outlook

The NBNZ Own Activity index in New Zealand eased in October 2026, signaling a modest deterioration in business sentiment. The indicator declined to 46.2% in October from 47.9% in September 2026, according to data updated on 29 October 2026.

The Own Activity measure is closely watched as a forward-looking gauge of firms’ expectations for their own activity levels. The drop from September to October suggests that businesses have become slightly more cautious about their near-term prospects, adding to signs of a softer momentum in the New Zealand economy as the year progresses.