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.