New Zealand Consumer Confidence February 2018

New Zealand

New Zealand: Consumer confidence ticks up in February

March 2, 2018

The ANZ-Roy Morgan consumer confidence indicator rose for the second consecutive month in February, increasing to 127.7 from 126.9 in January. The index now sits further above the 100-point threshold that separates optimism from pessimism among consumers.

February’s improvement resulted from an increase in the future conditions index. Consumers grew more optimistic regarding their financial situation in 12 months’ time and the economic situation over the next five years. The current conditions index dropped compared to the prior month, with consumers growing less willing to make major purchases and marginally less positive regarding their current financial situation. However, both indices remained well above the 100-point threshold. The tight labor market is likely driving upbeat sentiment—the unemployment rate dipped to a near-decade low in Q4.

FocusEconomics panelists expect private consumption to grow 2.3% in 2018 and 2.2% in 2019.

Author:, Economist

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New Zealand Consumer Confidence Chart

NewZealand Monthly Consumer Confidence February 2018

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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