New Zealand Consumer Confidence March 2018

New Zealand

New Zealand: Consumer confidence virtually unchanged in March

April 18, 2018

The ANZ-Roy Morgan consumer confidence indicator ticked up marginally from 127.7 in February to 128.0 in March. The index remains above the 100-point threshold that separates optimism from pessimism among consumers.

Both the current and future conditions indices saw little change in March and are comfortably above the 100-point threshold. While consumers grew more optimistic regarding economic conditions over the next twelve months, the five-year outlook eased somewhat. Consumers continue to feel generally positive regarding their current financial situation and willing to purchase major household items, which bodes well for private consumption. The tight labor market is likely driving upbeat sentiment—the unemployment rate dipped to a near-decade low in Q4.

New Zealand Private Consumption Forecast


FocusEconomics panelists expect private consumption to grow 2.4% in 2018 and 2.4% again in 2019.


Author:, Economist

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New Zealand Consumer Confidence Chart


NewZealand Monthly Consumer Confidence March 2018 0

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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