New Zealand Consumer Confidence October 2019

New Zealand

New Zealand: Consumer confidence rebounds in October

November 4, 2019

The ANZ-Roy Morgan consumer confidence indicator jumped to 118.4 in October (September: 113.9), moving further away from the 100-threshold that separates optimism from pessimism among consumers and printing the best result in four months.

Consumers had better assessments about their current financial situation compared to one year ago, and they also grew more optimistic about their future personal finances. Moreover, their expectations on next year’s economic outlook and on the five-year general economic outlook improved. On the other hand, less consumers thought it was a good time to buy major household item.

FocusEconomics panelists expect private consumption to grow 2.5% in 2020, which is down 0.1 percentage points from last month’s forecast, and also 2.5% in 2021.

Author: Massimo Bassetti, Economist

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New Zealand Consumer Confidence Chart

New Zealand Monthly Consumer Confidence October 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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