Original article by Roy Morgan
Market Research Update – Page: Online : 28-May-24

ANZ-Roy Morgan New Zealand Consumer Confidence lifted 2.8 points in May; however, it remains at a very weak level, with the historical average sitting above 110. The future conditions index rose 5 points to 90, while the current conditions index was unchanged at 78. Net perceptions of current personal financial situations rose 2 points to -15%; 25% (up 3% points) of New Zealanders say they are ‘better off’ financially than this time last year, while 40% (up 1% point) say they are ‘worse off’. Meanwhile, a net 29% of respondents think it is a bad time to buy a major household item, up 1 point from a month ago. Two-year-ahead CPI inflation expectations fell from 4.4% to 3.8%, close to the post-2010 average of 3.7% and closing in on the pre-Covid average of 3.5%.

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