New Zealand Consumer Confidence December 2019

New Zealand

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. Moreover, their expectations on next year’s economic outlook improved significantly, and more households thought it was a good time to buy major household item. Meanwhile, their five-year general economic outlook was unchanged.

FocusEconomics panelists expect private consumption to grow 2.5% in 2020, which is down 0.1 percentage points from last month’s forecast, and also 2.5% in 2021.


Author: Massimo Bassetti, Economist

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New Zealand Consumer Confidence Chart


New Zealand Monthly Consumer Confidence December 2019

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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