The Westpac-McDermott Miller consumer confidence index in New Zealand fell by 4.4 points to 102.7 in the third quarter of 2021 from 107.1 in the previous quarter. It was the lowest reading since the third quarter of 2020 in the wake of the latest lockdown. However, the drop in confidence has been much less stark than last year when Covid first arrived. While households are nervous about the economic outlook, they’re still feeling fairly secure about their personal financial situation. Widespread disruptions to global supply chains and rising shipping costs appear to be weighing on spending appetites. source: Westpac Banking Corporation, McDermott Miller
Consumer Confidence in New Zealand averaged 110.64 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 October of 2021.
Consumer Confidence in New Zealand is expected to be 102.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Consumer Confidence is projected to trend around 105.00 points in 2022, according to our econometric models.