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.