The Westpac-McDermott Miller consumer confidence index in New Zealand edged down to 103.1 in the third quarter of 2019, the lowest in seven years and compared to market expectations of 104, as global trade policy and a recent 50bps rate cut from the RBNZ particularly weighed on confidence for the 5-year economic outlook (down 13 points to -1.1). In addition, the 1-year economic outlook also fell (down 4.6 points to -9.2). On the bright side, the expected financial situation sub-index soared 16.4 points to 13.2 as households reacted positively to a fall in borrowing rates. Nonetheless, the ‘good time to buy’ sub-index declined 2.8 points to 15.1, hinting that consumers remain hesitant to spend and rather took advantage of looser monetary policy to pay down debt. Consumer Confidence in New Zealand averaged 111.10 Index Points from 1988 until 2019, reaching an all time high of 130.90 Index Points in the second quarter of 1994 and a record low of 79.10 Index Points in the first quarter of 1991.

Consumer Confidence in New Zealand is expected to be 102.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in New Zealand to stand at 107.00 in 12 months time. In the long-term, the New Zealand Consumer Confidence is projected to trend around 106.00 Index Points in 2020, according to our econometric models.

New Zealand Consumer Confidence
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-18 09:00 PM Westpac Consumer Confidence Q4 109.1 103.5 104
2019-03-18 09:00 PM Westpac Consumer Confidence Q1 103.8 109.1 111
2019-06-17 10:00 PM Westpac Consumer Confidence Q2 103.5 103.8 101
2019-09-16 09:00 PM Westpac Consumer Confidence Q3 103.1 103.5 104.0 102.5
2019-12-18 10:00 PM Westpac Consumer Confidence Q4 103.1 104

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 103.10 103.50 130.90 79.10 Index Points [+]
Retail Sales MoM 0.20 0.70 2.90 -2.70 percent [+]
Retail Sales YoY 2.90 3.30 9.30 -8.00 percent [+]
Consumer Spending 39273.00 39079.00 39273.00 15210.00 NZD Million [+]
Private Sector Credit 468562.00 465368.00 468562.00 10449.00 NZD Million [+]
Bank Lending Rate 9.00 9.34 16.02 7.50 percent [+]
Households Debt To GDP 94.00 93.10 94.00 27.90 percent of GDP [+]
Households Debt To Income 164.40 164.20 164.40 56.20 percent [+]
Credit Card Spending 5562.00 5500.00 5562.00 2156.00 NZD Million [+]

New Zealand Consumer Confidence

In New Zealand, the Westpac McDermott Miller Consumer Confidence Index measures the level of optimism that consumers have about the performance of the economy. The Consumer Confidence Index is calculated from percentage response to five internationally standardized questions covering consumers' personal financial circumstances, national economic expectations and attitudes to major purchases. It is 100 plus the average of the difference between positive answers and negative responses. A score above 100 shows more optimism than pessimism while a score below 100 denotes more pessimism. . This page provides the latest reported value for - New Zealand Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.10 103.50 130.90 79.10 1988 - 2019 Index Points Quarterly

Country Last Previous
Argentina 41.90 Aug/19
Australia 98.20 Sep/19
Brazil 47.00 Jun/19
Canada 53.00 Sep/19
China 124.40 Jul/19
Euro Area -6.50 Sep/19
France 102.00 Aug/19
Germany 9.70 Sep/19
India 95.70 Sep/19
Indonesia 123.10 Aug/19
Italy 111.90 Aug/19
Japan 37.10 Aug/19
Mexico 43.40 Aug/19
Netherlands -2.00 Sep/19
Russia -15.00 Jun/19
Saudi Arabia 114.00 Jun/19
South Africa 5.00 Jun/19
South Korea 92.50 Aug/19
Spain 86.00 Aug/19
Switzerland -8.00 Sep/19
Turkey 55.80 Sep/19
United Kingdom -14.00 Aug/19
United States 92.00 Sep/19