The Westpac-McDermott Miller consumer confidence index in New Zealand fell by 4.4 points to 102.7 in the third quarter of 2021 from 107.1 in the previous quarter. It was the lowest reading since the third quarter of 2020 in the wake of the latest lockdown. However, the drop in confidence has been much less stark than last year when Covid first arrived. While households are nervous about the economic outlook, they’re still feeling fairly secure about their personal financial situation. Widespread disruptions to global supply chains and rising shipping costs appear to be weighing on spending appetites. source: Westpac Banking Corporation, McDermott Miller

Consumer Confidence in New Zealand averaged 110.64 points from 1988 until 2021, 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 September of 2021.

Consumer Confidence in New Zealand is expected to be 102.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Consumer Confidence is projected to trend around 105.00 points in 2022, according to our econometric models.

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New Zealand Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
102.70 107.10 130.90 79.10 1988 - 2021 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-14 08:00 PM Q4 106.0 95.1 102.5
2021-03-21 08:00 PM Q1 105.2 106.0 98.4 99
2021-06-21 09:00 PM Q2 107.1 105.2 109
2021-09-20 09:00 PM Q3 102.7 107.1 109
2021-12-14 10:00 PM Q4 102.7 105


News Stream
New Zealand Consumer Sentiment Down to 1-Year Low
The Westpac-McDermott Miller consumer confidence index in New Zealand fell by 4.4 points to 102.7 in the third quarter of 2021 from 107.1 in the previous quarter. It was the lowest reading since the third quarter of 2020 in the wake of the latest lockdown. However, the drop in confidence has been much less stark than last year when Covid first arrived. While households are nervous about the economic outlook, they’re still feeling fairly secure about their personal financial situation. Widespread disruptions to global supply chains and rising shipping costs appear to be weighing on spending appetites.
2021-09-20
NZ Consumer Confidence Hits Highest in Over Two Years
The Westpac-McDermott Miller consumer confidence index in New Zealand jumped to 107.1 in the second quarter of 2021 from 105.2 in the previous quarter. It was the highest reading since the last quarter of 2018, as households feel more optimistic about the economic outlook over the coming year.
2021-06-21
New Zealand Consumer Sentiment Deteriorates in Q1
The Westpac-McDermott Miller consumer confidence index in New Zealand fell to 105.2 in the first quarter of 2021 from 106 in the previous period but above the market consensus of 98.4. Households remained concerned about the economy’s longer-run trajectory, with both the 1-year economic outlook (-1.6 from -1.1 in Q4) and 5-year economic outlook (20.1 from 25.7) deterioration. However, consumers were more optimist about their current financial situation (-11.7 vs -13.3)
2021-03-21
NZ Consumer Confidence at 1-Year High
The Westpac-McDermott Miller consumer confidence index in New Zealand jumped 10.9 points to 106 in the last quarter of 2020, recovering from a 12-month low of 95.1 recorded in the previous period. It was the highest reading in a year, as both the current (-14.0 from -16.9 in Q3) and expected financial situation (13.0 from 11.2) improved. At the same time, consumers were more optimistic about the 1-year economic (-1.0 from -26.3) and the 5-year one (26.0 from 9.9).
2020-12-14

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. .