Sence Check

Decoding New Zealand’s economic mood

Opinion Report

Decoding New Zealand’s economic mood

How New Zealanders really responded to the ANZ business confidence report. Revealing doubt, distrust, and what brands can learn from their real‑world experiences.

Published on
May 8, 2025
Sence Opinion Analysis Highlights

67% of the conversation was negative, signalling widespread doubt rather than simple disagreement.
Distrust in economic indicators dominated, with 86% negative sentiment on the validity of the report.
Criticism of policy and institutions drove frustration, with over 80% negative sentiment on government and corporate actions.

We explore conversations related to the ANZ business confidence report, offering insight into public sentiment and the conversations shaping it. Using Sence’s Conversational Intelligence, we go beyond the headlines to uncover the deeper mood behind New Zealand’s latest business confidence figures. The analysis reveals the themes driving public doubt and shows how brands and policymakers can listen, clarify, and respond with empathy, bridging the gap between official narratives and lived experience.

5k+ opinions decoded
60+ unique brands mentioned
5 core themes uncovered
4 key lessons for brands

Overall sentiment

  • 7% Positive
  • 27% Neutral
  • 67% Negative

The public response was overwhelmingly negative, with a polarity score of -0.6 revealing more than disagreement; it shows a disconnect between official optimism and everyday reality. Brands that rely on standard measures risk being seen as out of touch unless they address the doubts driving this consensus.

Key Theme #1

Distrust in economic indicators

Many questioned the validity of the ANZ business confidence figures, seeing them as disconnected or overly optimistic. With 86% of this theme’s sentiment negative, the community demanded clarity on what these numbers really represent and for whom they speak.

What the community is saying
“Business confidence is the most meaningless measure available.”
“Really? I’d like to see how they came to that conclusion.”
Key Theme #2

Decline in institutional trust

Trust issues with Government and business entities have become a dominant theme, reflecting an 87% negative sentiment. Their share of voice accounts for 8% of the conversation. The data suggests growing public fatigue due to a perceived misalignment between official reports and lived realities.

What the community is saying
“You can’t trust the figures. They fudge them to suit the narrative.”
“Of course, business confidence is up. Supermarkets and energy companies are raking it in, while small businesses collapse.”

Key brands in the conversation

Among more than 50 brands mentioned, three emerged as focal points of public discourse. ANZ drew the sharpest criticism as the report issuer, facing overwhelming negative sentiment. Supermarkets, though only indirectly involved, became a lightning rod for cost-of-living frustrations. The government also featured prominently, with sentiment closely tied to ongoing concerns around policy and trust.

ANZ

Supermarkets


Government

Sence Check

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Are you explaining your data clearly?
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Are you listening beyond the loudest voices?
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Are you leading with empathy?
Acknowledge doubts and show how you address them.

The response to the ANZ report reflects more than disagreement. It reveals a widening gap between official messages and real-world experiences. For brands, this is a call to not only listen but to understand.

Trust is not built through data alone. It comes from clarity, empathy, and meaningful action. Conversational Intelligence turns public doubt into direction with purpose.

Sources
Newstalk ZB – Facebook, Chris Lynch – Facebook, r/newzealand – Reddit, Nicola Willis MP – Facebook
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