The Westpac-McDermott Miller consumer confidence index in New Zealand declined further to 95.1 in the third quarter of 2020 from 97.2 in the previous period. It was the lowest reading since the financial crisis in 2008, with the steepest decreases observed in both current (-16.9 from -13.2 in Q2) and expected financial situation (11.2 from 14.7). In addition, the 5-year economic outlook deteriorated (9.9 from 11.6). On the other hand, the 1-year economic outlook improved (-26.3 from -28.3). source: Westpac Banking Corporation, McDermott Miller
Consumer Confidence in New Zealand averaged 110.81 points from 1988 until 2020, reaching an all time high of 130.90 points in the second quarter of 1994 and a record low of 79.10 points in the first quarter of 1991. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Consumer Confidence in New Zealand is expected to be 98.50 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 100.00 in 12 months time. In the long-term, the New Zealand Consumer Confidence is projected to trend around 103.00 points in 2021 and 105.00 points in 2022, according to our econometric models.