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.