New Zealand Consumer Confidence June 2019

New Zealand

New Zealand: Consumer confidence gains some ground in June

June 28, 2019

The ANZ-Roy Morgan consumer confidence indicator rose to 122.6 in June (May: 119.3), moving further above the 100-point threshold that separates optimism from pessimism among consumers.

Consumers were more optimistic about their current financial situation, and they also grew more confident about their future financial conditions. Consumers had also rosier expectations on the future general economic situation. On the flip side, the willingness to buy big-ticket household items declined.

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 June 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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