New Zealand: Consumer confidence strengthens in December
January 4, 2021
The ANZ-Roy Morgan consumer confidence indicator jumped to 112.0 in December from November’s 106.9. Therefore, it marked the best print in 10 months and moved further above the 100-threshold that separates optimism from pessimism among consumers.
Households’ assessments about their current financial situation gained some ground. Moreover, consumers’ five-year general economic outlook got rosier and their expectations regarding next year’s economic outlook improved remarkably. Additionally, the net proportion of households thinking it was a good time to buy major household items widened.