New Zealand: Consumers start 2020 on a positive note
February 5, 2020
The ANZ-Roy Morgan consumer confidence indicator dipped to 122.7 in January from December’s almost two-year high of 123.3, remaining comfortably above the 100-threshold that separates optimism from pessimism among consumers.
Consumers had a worse assessment about their current financial situation compared to one year ago and their five-year general economic outlook was somewhat less upbeat. On the other hand, their expectations on next year’s general economic outlook improved, albeit slightly, and more households thought it was a good time to buy major household item. Meanwhile, consumers’ expectations over their future personal finances were unchanged.