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ANZ-Roy Morgan NZ Consumer Confidence Rating - December 2009 - 118.6 (Down 2.9pts)
'Till bells will retain their jingle'

Article No. 990 - The survey was conducted from November 30 to December 13, across New Zealand by telephone with a cross section of 1,025 people aged 14 and over.: December 20, 2009

Consumer confidence remains elevated but is down 2.9 points in December.
A massive dichotomy remains between future conditions and current conditions with the latter remaining below 100.
The level of confidence remains robust although the dichotomy continues to give a layer of uncertainty surrounding the pace of recovery.

The ANZ-Roy Morgan Consumer Confidence measure fell a further 2.9 percentage points in December — the second successive monthly decline.

However, the overall level of Consumer Confidence — 118.6 — remains high and well above the key 100 benchmark.

Less optimistic expectations towards the future dragged aggregate consumer confidence down. Generally speaking, consumers remain optimistic about future prospects. A net 40 percent expect to be better off next year. A net 22 percent think we’ll have good times financially. A net 42 percent expect good times during the next five years. However, they are down 4, 7 and 4 percentage points respectfully on November. This has seen the future conditions index fall from 140 to 134.6.

Click here to view the full December ANZ-Roy Morgan New Zealand Consumer Confidence Rating PDF

(118.6, down 2.9pts)