New Zealand Consumer Confidence February 2019

New Zealand

New Zealand: Consumer confidence declines slightly in February

March 1, 2019

The ANZ-Roy Morgan consumer confidence indicator edged down to 120.8 in February, from January’s 121.7. The index, however, remains well above the 100-point threshold that separates optimism from pessimism among consumers.

Consumers’ expectations on future conditions deteriorated in February from a month earlier. This reflected their weaker one-year outlook on both their personal and the country’s financial situation, as well as their less optimistic outlook on the country’s economic situation in the next five years. However, their opinions on current conditions improved marginally.

New Zealand Private Consumption Forecast

FocusEconomics panelists expect private consumption to grow 2.6% in 2019, which is unchanged from last month’s forecast, and 2.3% in 2020.

Author: Massimo Bassetti, Senior Economist

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New Zealand Consumer Confidence Chart

NewZealand Monthly Consumer Confidence February 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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