The Westpac-McDermott Miller consumer confidence index in New Zealand fell to 105.2 in the first quarter of 2021 from 106 in the previous period but above the market consensus of 98.4. Households remained concerned about the economy’s longer-run trajectory, with both the 1-year economic outlook (-1.6 from -1.1 in Q4) and 5-year economic outlook (20.1 from 25.7) deterioration. However, consumers were more optimist about their current financial situation (-11.7 vs -13.3) source: Westpac Banking Corporation, McDermott Miller
Consumer Confidence in New Zealand averaged 110.73 points from 1988 until 2021, reaching an all time high of 130.90 points in the second quarter of 1994 and a record low of 79.10 points in the first quarter of 1991. This page provides the latest reported value for - New Zealand Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Consumer Confidence in New Zealand is expected to be 99.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in New Zealand to stand at 103.00 in 12 months time. In the long-term, the New Zealand Consumer Confidence is projected to trend around 105.00 points in 2022, according to our econometric models.