Original article by Roy Morgan
Market Research Update – Page: Online : 1-Oct-24

ANZ-Roy Morgan New Zealand Consumer Confidence rose 2.9 points in September to 95.1, its third straight month of improvement. At 95.1 it is still well below par, but Consumer Confidence is at its highest level since January 2022. The future conditions index rose another 5 points from 100.5 to 105.6; the current conditions index was flat and is much more subdued at 79.6. Net perceptions of current personal financial situations rose 2 points to -16% in September; 26% (up 3% points) of New Zealanders say they are ‘better off’ financially than this time last year, while 41% (unchanged) say they are ‘worse off’. Meanwhile, a net 25% of New Zealanders expect to be better off this time next year, up 8 points from a month ago. A net 25% of New Zealanders think it is a bad time to buy a major household item. Two-year-ahead CPI inflation expectations were unchanged at 3.8%.

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