New Zealand Consumer Confidence November 2019

New Zealand

New Zealand: Consumer confidence rises further in November

November 29, 2019

The ANZ-Roy Morgan consumer confidence indicator rose to 120.7 in November (October: 118.4), moving further above the 100-threshold that separates optimism from pessimism among consumers and printing the best result in five months.

Consumers grew more optimistic about their future personal finances, and their expectations on next year’s economic outlook and on the five-year general economic outlook improved significantly. Additionally, more households thought it was a good time to buy major household item. On the flip side, they had worse assessments about their current financial situation compared to one year ago.

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 November 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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