New Zealand Consumer Confidence August 2019

New Zealand

New Zealand: Consumer confidence bounces back in August

September 2, 2019

The ANZ-Roy Morgan consumer confidence indicator rose to 118.2 in August (July: 116.4), moving further above from the 100-point threshold that separates optimism from pessimism among consumers.

Consumers had better assessments about their current financial situation compared to one year ago, and they also grew more optimistic about their future personal finances . Moreover, their expectations on future house prices increased a bit.

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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