New Zealand skyline

New Zealand Consumer Confidence September 2020

New Zealand: Consumer confidence virtually unchanged in September

The ANZ-Roy Morgan consumer confidence indicator dipped to 100.0 in September from August’s 100.2, suggesting increased wariness amid a resurgence of coronavirus cases. Therefore, it landed on the 100-threshold that separates optimism from pessimism among consumers.

Households’ assessments about their current financial situation and over the next 12 months deteriorated further. Similarly, consumers’ expectations on the five-year general economic outlook weakened. On the other hand, consumers’ expectations over the economic situation in the next 12 months improved, and the net proportion of households thinking it was a good time to buy major household items rose somewhat.

Commenting on the release, Sharon Zollner, ANZ chief economist, stated:

“ew Zealand is still in the early stages of navigating the complex impacts of COVID-19. Fiscal support has been crucial but needs to be wound back, and households are clearly concerned about the economic damage that will become evident as that occurs. The economy has a large hole looming where summer tourism income used to be. We’re poorer for a while, and need to consume a bit less.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest