The Westpac-McDermott Miller consumer confidence index in New Zealand fell to 103.5 in the second quarter of 2019 from 103.5 in the previous period. Households became increasingly worried about conditions in the global economy over the next five years (-3.5 points to 11.9); and the number of households who think now is a good time to purchase a major item has fallen to a two-year low (-5.5 points to 17.9). Meanwhile, households’ expectations regarding their financial situation improved slightly (+0.5 points to -4.6). Consumer Confidence in New Zealand averaged 111.16 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 101.00 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 105.00 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
2018-09-18 10:00 PM Westpac Consumer Confidence 103.5 108.6 107
2018-12-18 09:00 PM Westpac Consumer Confidence 109.1 103.5 104
2019-03-18 09:00 PM Westpac Consumer Confidence 103.8 109.1 111
2019-06-17 10:00 PM Westpac Consumer Confidence 103.5 103.8 101
2019-09-18 10:00 PM Westpac Consumer Confidence 103.5 102.5
2019-12-18 10:00 PM Westpac Consumer Confidence 104

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 103.50 103.80 130.90 79.10 Index Points [+]
Retail Sales MoM 0.70 1.70 2.80 -2.80 percent [+]
Retail Sales YoY 3.30 3.50 9.30 -8.00 percent [+]
Consumer Spending 39047.00 38997.00 39047.00 15210.00 NZD Million [+]
Private Sector Credit 463373.00 460284.00 463373.00 10449.00 NZD Million [+]
Bank Lending Rate 9.35 9.38 16.02 7.50 percent [+]
Households Debt To GDP 94.00 93.10 94.00 27.90 percent of GDP [+]
Households Debt To Income 163.90 163.90 163.90 56.20 percent [+]

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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
103.50 103.80 130.90 79.10 1988 - 2019 Index Points Quarterly

Country Last Previous
Argentina 40.60 Jun/19
Australia 96.50 Jul/19
Brazil 47.00 Jun/19
Canada 54.51 Jul/19
China 123.40 May/19
Euro Area -7.20 Jun/19
France 101.00 Jun/19
Germany 9.80 Jul/19
India 97.00 Sep/19
Indonesia 126.40 Jun/19
Italy 109.60 Jun/19
Japan 38.70 Jun/19
Mexico 107.52 Jun/19
Netherlands 0.00 Jun/19
Russia -15.00 Jun/19
Saudi Arabia 112.00 Mar/19
South Africa 5.00 Jun/19
South Korea 97.50 Jun/19
Spain 102.30 Jun/19
Switzerland -6.00 Jun/19
Turkey 57.60 Jun/19
United Kingdom -13.00 Jun/19
United States 98.20 Jun/19