New Zealand Consumer Confidence July 2019

New Zealand

New Zealand: Consumer confidence at nine-month low in July

August 2, 2019

The ANZ-Roy Morgan consumer confidence indicator dropped to 116.4 in July (June: 122.6), moving closer to the 100-point threshold that separates optimism from pessimism among consumers.

Consumers were less optimistic about their current financial situation, and they also grew less confident about their future financial conditions. Moreover, their expectations on the future general economic situation turned slightly pessimistic.

FocusEconomics panelists expect private consumption to grow 3.1% in 2019, which is up 0.2 percentage points from last month’s forecast, and 2.4% in 2020.

Author: Massimo Bassetti, Economist

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New Zealand Consumer Confidence Chart

New Zealand Monthly Consumer Confidence July 2019

Note: Monthly consumer confidence index. An index number over 100 indicates more optimists than pessimists, while a number under 100 indicates more pessimists than optimists.
Source: ANZ-Roy Morgan NZ Consumer Confidence Survey.

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