Original article by Roy Morgan
Market Research Update – Page: Online : 3-Sep-24

ANZ-Roy Morgan New Zealand Consumer Confidence rose 4.3 points in August to 92.2. Consumer Confidence is still well below its 10-year average (109), but also well off its lows. The future conditions index rose 5 points to 100.5 in August; the current conditions index lifted 2 points but remains much more subdued at 79.7. Net perceptions of current personal financial situations were unchanged at -18% in August; 23% (unchanged) of New Zealanders say they are ‘better off’ financially than this time last year, while 41% (also unchanged) say they are ‘worse off’. Meanwhile, a net 17% of New Zealanders expect to be better off this time next year, down 3 points from a month ago. A net 23% of New Zealanders think it is a bad time to buy a major household item (down 7% from a month ago). Two-year-ahead CPI inflation expectations were little changed at 3.8%.

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