New Zealand skyline

New Zealand Consumer Confidence August 2022

New Zealand: Consumer confidence increases in August

The ANZ-Roy Morgan consumer confidence indicator rose to 85.4 in August from July’s 81.9. Therefore, the index remained entrenched below the 100-threshold that separates optimism from pessimism among consumers.

August’s result was driven by households’ improved expectations of their financial situation in one year view. Moreover, consumers had stronger confidence with regards to the 12-month general economic outlook. Additionally, willingness to buy big-ticket items improved.

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

“Households are not happy about higher living costs and with interest rates rising rapidly, are understandably concerned about the economic outlook. Homeowners are seeing the value of their largest asset going backwards. However, offsetting all that to some extent, in a super-tight labour market incomes are looking secure – and are currently rising rapidly.”

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