Original article by Roy Morgan
Market Research Update – Page: Online : 30-Oct-23

ANZ-Roy Morgan New Zealand Consumer Confidence rose 1.7 points in October to 88.1. Consumers’ net perceptions of their current personal financial situation fell 2 points to -25%. A net 22% (down 2% points) of New Zealanders now say they are ‘better off’ financially than this time last year, while 47% (up 1% point) say they are ‘worse off’ financially. Meanwhile, a net 16% of consumers now expect to be ‘better off financially’ this time next year, up 1 point. A net 38% (up 6% points) of New Zealanders say now is a ‘bad time to buy a major household item’, but net perceptions regarding New Zealand’s economic outlook in 12 months’ time rose 14 points to -18%. The two-year-ahead CPI inflation expectations lifted from 4.2% to 4.5%, undoing most of the previous month’s fall.

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