New Zealand Consumer Confidence January 2020

New Zealand

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.

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 January 20 20

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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