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• Consumer confidence jumps to a 3-year high.
  
  
• Consumer’s view of both current and future conditions has lifted sharply.
  
  
• Significantly, the current conditions measure has risen through 100 and portends of a preparedness to open the wallet.
  

The ANZ-Roy Morgan Consumer Confidence measure rose 13 points in January — the largest monthly movement since September 2008.

Greater optimism was across the board with all the five questions that make up consumer confidence lifting. Consumer’s view towards their own financial position a year out rose 10 percentage points to a net 50 percent. A net 39 percent expect better times for the economy over the coming year, up 17 points. A net 48 percent expect better times over the next five years. The laggard remains how families view their financial position, compared to a year earlier. A net 2 percent think they are worse off. But this is still a sizeable jump on the minus 22 percent reading in December.

Consumer’s views of both current and expected conditions have lifted sharply. Overwhelmingly positive views towards the future continues to dominate consumer confidence readings. The future conditions index in the survey has rocketed to 146 — an all-time high since the survey’s inception in 2004.

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

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