ANZ-Roy Morgan New Zealand Consumer Confidence up 7.2pts to 104.5 in June

Original article by Roy Morgan
Market Research Update – Page: Online : 29-Jun-20

ANZ-Roy Morgan New Zealand Consumer Confidence rose 7.2 points to 104.5 in June, but is still well under its historical average. Consumers’ perceptions of their current financial situation lifted 4 points to +4; the wage subsidy scheme and lower interest rates have countered job losses, but this remains a subdued level. A net 32% of consumers expect to be better off financially this time next year, up 9 points. Meanwhile, a net 5% of consumers think it is a good time to buy a major household item, back in the black after a big bounce but unfortunately still recessionary. Perceptions regarding the next year’s economic outlook lifted another 9 points but remains very low at -37%. The five-year outlook broke with the pack, falling 5 points to 19%.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, ROY MORGAN LIMITED

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