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ANZ-Roy Morgan New Zealand Consumer Confidence - down 7.5pts to 120.5

ANZ-Roy Morgan New Zealand Consumer Confidence dropped 7.5 points to 120.5 in April, sitting slightly above its historical average.
ANZ-Roy Morgan New Zealand Consumer confidence dropped 7.5 points to 120.5 in April, sitting slightly above its historical average.

• Both current and future conditions indexes fell, the latter by more.

• A strong labour market, low interest rates and a steady housing market are supporting sentiment. Nonetheless, consumers appear to be feeling a little less bullet-proof, consistent with our view the saving rate will lift.

Consumers appear to have mixed views at present. The ANZ-Roy Morgan Consumer Confidence Index fell 7.5 points from 128.0 to 120.5 in April. This is just above the average of the series since its inception in 2004. On a seasonally adjusted basis the story was similar: the index fell 8 points to 118.7.The Current Conditions Index fell 5 points to 123.1 in April, while the Future Conditions Index fell 9 points to 118.7. 

The Current Conditions Index fell 5 points to 123.1 in April, while the Future Conditions Index fell 9 points to 118.7. The former is above average, the latter a touch below it, but both remain within the range prevailing over recent years. The former is above average, the latter a touch below it, but both remain within the range prevailing over recent years.

• Consumers’ perceptions of their current financial situation dipped 7 points to a net 9% feeling financially better off than a year ago.

• A net 25% of consumers expect to be better off financially this time next year, down 10 points.

• A net 37% say it’s a good time to buy a major household item, down 2 points. This is still strong and bodes well for durables spending.

• Perceptions regarding the next year’s economic outlook fell a sharp 12 points to +13%, back to its December low. The five-year outlook eased 7 points from +25% to +18%, the lowest since May last year.

• Confidence fell in every region. Wellington remains the most confident region, while confidence in Canterbury fell 13 points to be the weakest.

• National house price expectations lifted from 3.5% to 4.1% and are strongest amongst Wellingtonians (4.9%). Inflation expectations lifted from3.4% to 4.0% and are strongest in Auckland. Apart from 1-month spikes in January 2012 and November 2015, nationwide inflation expectations, while volatile, have been in a 3-4% range since mid-2011.

Click here to download the latest ANZ-Roy Morgan New Zealand Consumer Confidence Release PDF - April 2018.


Latest ANZ-Roy Morgan Consumer Confidence Releases

Latest ANZ-Roy Morgan New Zealand & Asia-Pacific Consumer Confidence Data Tables

Related Research Reports

The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.

You can also view our monitor of Quarterly New Zealand Unemployment & Under-employment Estimates.