New Zealand Consumer Confidence August 2018

New Zealand

New Zealand: Consumer confidence slips further in August

August 31, 2018

The ANZ-Roy Morgan consumer confidence indicator fell for the third consecutive month in August, from 118.4 in July to 117.6—marking the lowest print since May 2016. Nevertheless, the index remained comfortably above the 100-point threshold that separates optimism from pessimism among consumers.

August’s drop largely reflected a steeper decline in the current conditions index over the previous month. Consumers’ willingness to purchase major household items weakened slightly in August while they turned less upbeat over their current financial situation compared to July. The future conditions index also lost ground, with households’ views of the general economic situation in one year’s time deteriorating to the lowest level in nearly three years and their five-year economic outlook worsening for the sixth consecutive month in August. However, consumers turned slightly more optimistic about the prospect of being financially better off in one year.

All told, the headline indicator remained around its historical average in August. The print suggested that although consumers remain a little wary over the general economic situation in the future, their assessments of their current financial situation remain strong, reflecting the tight labor market.

FocusEconomics panelists expect private consumption to grow 2.6% in 2018, which is down 0.3 percentage points from last month’s forecast. The panel forecasts private consumption growth of 2.6% in 2019.


Author:, Economist

Sample Report

Looking for forecasts related to Consumer Confidence in New Zealand? Download a sample report now.

Download




New Zealand Economic News

  • New Zealand: RBNZ on hold in February

    February 12, 2020

    On 12 February, the Reserve Bank of New Zealand (RBNZ) kept the official cash rate (OCR) unchanged.

    Read more

  • New Zealand: Unemployment rate unexpectedly dips in Q4

    February 5, 2020

    The seasonally-adjusted unemployment rate slip to 4.0% in Q4 from a revised 4.1% the previous quarter (previously reported: 4.2%).

    Read more

  • New Zealand: Consumers start 2020 on a positive note

    February 5, 2020

    The ANZ-Roy Morgan consumer confidence indicator dipped to 122.7 in January from December’s almost two-year high of 123.3, remaining comfortably above the 100-threshold that separates optimism from pessimism among consumers. Consumers had a worse assessment about their current financial situation compared to one year ago and their five-year general economic outlook was somewhat less upbeat.

    Read more

  • New Zealand: Inflation accelerates in Q4

    January 24, 2020

    Consumer prices increased 0.5% in Q4 2019 over the previous quarter, down slightly from Q3’s 0.7% rise but beating analysts’ expectations of a 0.4% increase, according to Statistics New Zealand.

    Read more

  • New Zealand: Consumers close 2019 on a high note

    December 20, 2019

    The ANZ-Roy Morgan consumer confidence indicator rose to 123.3 in December (November: 120.7), moving further above the 100-threshold that separates optimism from pessimism among consumers and printing the best result since March 2018. Consumers grew more optimistic about their future personal finances and they had better assessments about their current financial situation compared to one year ago.

    Read more

More news

Search form