New Zealand: Consumer confidence little changed in February
The ANZ-Roy Morgan consumer confidence indicator dipped to 122.1 in February from January’s 122.7, nonetheless remaining comfortably above the 100-threshold that separates optimism from pessimism among consumers.
Far fewer households thought it was a good time to buy major household items. Moreover, consumers’ expectations on next year’s general economic outlook deteriorated substantially. On the other hand, they had a better assessment about their current financial situation compared to one year ago and their five-year general economic outlook improved markedly. Furthermore, consumers’ expectations over their future personal finances got rosier.