New Zealand Consumer Confidence May 2019

New Zealand

New Zealand: Consumer confidence recedes to a six-month low in May

May 31, 2019

The ANZ-Roy Morgan consumer confidence indicator declined to 119.3 in May (April: 123.2), notching a six-month low but remaining well above the 100-point threshold that separates optimism from pessimism among consumers.

Consumers were more pessimistic about current conditions in May from a month earlier, reflecting reluctance to buy big-ticket household items as well as a dimer perception of their current financial situation. Consumers were also less confident about future conditions.

New Zealand Private Consumption Forecast

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.


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New Zealand Consumer Confidence Chart

New Zealand Monthly Consumer Confidence May 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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