The Westpac-McDermott Miller consumer confidence index in New Zealand climbed 6.8 points to 109.9 in the fourth quarter of 2019, rebounding from the lowest in seven years and compared to market expectations of 103.5, as less global trade policy uncertainty and a pickup in the housing market nudged sentiment higher. All subindices improved in the fourth quarter. The 1-year outlook climbed the most, gaining 13.4 points to 4.2, while the 5-year outlook rose 10.8 points to 9.7. Meanwhile, the present conditions index gained 3.7 points to 110.1, while the expected conditions index added 8.8 points to 109.8. Ahead of the shopping season, the good time to buy component added 6 points to 21.1.
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. 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. source: WESTPAC
Consumer Confidence in New Zealand is expected to be 107.00 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 points in 2021, according to our econometric models.