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New Zealand Consumer Confidence April 2023

New Zealand: Consumer confidence increases in April

The ANZ-Roy Morgan consumer confidence indicator rose to 79.3 in April from 78.3 in Match. Therefore, the index remained entrenched below the 100-threshold that separates optimism from pessimism among consumers.

In April, households’ expectation over their financial situation in 12 months view improved, as did their expectations over the general economic situations in five years view.

Commenting on the release, Sharon Zollner, chief economist at ANZ, stated:

“Households are concerned about the rising cost of living, particularly those with large amounts of debt. And while jobs are still plentiful, the economy is beginning to slow.”

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