ANZ-Roy Morgan Consumer Confidence

ANZ-Roy Morgan Consumer Confidence is a monthly measure of consumer confidence across New Zealand households and how this affects their spending behaviour.



2024 editions

March 2024

The steady improvement in consumer confidence over recent months took a blow this month. ANZ-Roy Morgan consumer confidence fell 9 points in March to 86.4, with a fall across most questions, likely affected by recession headlines. Late-month responses were markedly weaker than those that preceded the GDP data. Inflation expectations were unchanged at 4.5%, while expected house price inflation fell from 4.1% to 3.4%. This series has no predictive power for house prices, but is a lens on the “wealth effect” on spending.

February 2024

ANZ-Roy Morgan consumer confidence rose another 1 point in February to 94.5, driven by a lift in perceptions of future conditions. Inflation expectations lifted for a second month, up from 4.3% to 4.5%.

January 2024

ANZ-Roy Morgan consumer confidence rose 1 point in January to 93.6. Perceptions of current conditions jumped, but confidence about the future fell. Inflation expectations bounced back, lifting from 3.9% to 4.3%.