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.

 

 

2022 editions

June 2022: Adjusting for inflation (PDF 712KB)
Consumer confidence fell 1.8 points in June to 80.5, a touch above its record low, but still deep within the “something to worry about” zone. The proportion of people who believe it is a good time to buy a major household item, the best indicator for spending, bounced 9 points to 21. That’s a decent bounce, but it’s too early to call this a recovery. This indicator is still dire in an absolute sense. Inflation expectations reversed last month’s decline, up from 5.1% to 5.6%. Clearly, the RBNZ’s war on inflation isn’t won yet.

May 2022: Closing the wallets (PDF 720KB)
Consumer confidence fell 2 points in May to 82.3, above its record low of 77.9 in March, but still dire. The proportion of people who believe it is a good time to buy a major household item, the best indicator for spending, fell 7 points to -30. In welcome news for the RBNZ, inflation expectations fell from 5.6% to 5.1%.

April 2022: Picking itself up off the floor (PDF 672KB)
Consumer confidence lifted 6 points in April to 84.4, off its record low but still extremely pessimistic. The proportion of people who believe it is a good time to buy a major household item inched 3 points higher to a still-grim -23. Inflation expectations fell back to 5.6%. House price inflation expectations eased from 2.7% to just 1.7%.

March 2022: From bad to worse (PDF 680KB)
Consumer confidence dropped another 4 points in March to 77.9, a fresh record low in data that data began in 2004. The proportion of people who believe it is a good time to buy a major household item fell another 5 points to -26. Inflation expectations rose to 6%. House price inflation expectations eased from 4.8% to 2.7%, and are lowest in Wellington (0.7%).

February 2022: Darkest before the dawn? (PDF 636KB)
Consumer confidence plunged 16 points in February to 81.7, its lowest level since the data began in 2004. The proportion of people who believe it is a good time to buy a major household item fell 17 points to -21. Inflation expectations were little changed at 5.6%. House price inflation expectations eased from 5.3% to 4.8%.

January 2022: Steady ahead of the Omicron storm (PDF 612KB)
Consumer confidence was unchanged at 98 in January. The proportion of people who believe it is a good time to buy a major household item fell 4 points to -4, back in the red. Inflation expectations drifted slightly higher to 5.8%. House price inflation expectations were unchanged at 5.3%.