Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Cautious Rise in New Zealanders' Economic Confidence

Cautious Rise in New Zealanders' Economic Confidence

New Zealand Consumer Confidence Measures at 93, Up Three Points from Q1 2013;

Nearly Half of Kiwis Believe the Country is out of a Recession

Auckland, New Zealand (24 July 2013) – New Zealand consumer confidence indexed at 93 in the first in the second quarter of 2013, increasing three points, according to Nielsen, a leading global provider of information and insights into what consumers watch and buy. The measure of 93 is two points higher than New Zealand’s index in Q2 2012.

Rob Clark, managing director, Nielsen New Zealand, said: “Kiwis are more optimistic about the economy, nearly half of New Zealanders believe we are out of a recession compared to a year ago when under a third (29%) thought this was the case. However, caution remains over job prospects, personal finances and spending intentions. ”

Clark adds, “We are also seeing some seasonal shifts in attitudes, increasing utility bills is now top of major concerns for the next six months, jumping nine percentage points in the last quarter.”

In the latest round of the survey, conducted between May 13 and May 31, 2013, New Zealand consumer confidence remained behind Australia, where consumer confidence increased by five index points to 98. New Zealand was slightly behind the United States (96) and the global average (94) but ahead of the UK which indexed at 79. Confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism.

Consumer confidence improvements were reported in Asia-Pacific (+2 to 105), North America (+2 to 96), and Middle East/Africa (+6 to 91), compared to the previous quarter. Europe’s consumer confidence index held steady at 71 for three consecutive quarters, and Latin America’s confidence declined one index point to 93 in Q2.

Consumer confidence increased in 45 percent of markets measured by Nielsen, compared to 60 percent in the previous quarter. Indonesia (124) reported the highest consumer confidence index for the second consecutive quarter with a two point increase from Q1 2013. Portugal reported the lowest index of 33. Pakistan reported the biggest quarterly index increase of 11 points to a score of 98. Israel’s drop of eight index points was the biggest quarterly decline.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Trade: NZ Trade Deficit Widens To A Record In September

Oct. 27 (BusinessDesk) - New Zealand's monthly trade deficit widened to a record in September as meat exports dropped to their lowest level in more than three years. More>>


Animal Welfare: Cruel Practices Condemned By DairyNZ Chief

DairyNZ chief executive Tim Mackle says cruel and illegal practices are not in any way condoned or accepted by the industry as part of dairy farming.

Tim says the video released today by Farmwatch shows some footage of transport companies and their workers, as well as some unacceptable behaviour by farmers of dragging calves. More>>


Postnatal Depression: 'The Thief That Steals Motherhood' - Alison McCulloch

Post-natal depression is a sly and cruel illness, described by one expert as ‘the thief that steals motherhood’, it creeps up on its victims, hiding behind the stress and exhaustion of being a new parent, catching many women unaware and unprepared. More>>


DIY: Kiwi Ingenuity And Masking Tape Saves Chick

Kiwi ingenuity and masking tape has saved a Kiwi chick after its egg was badly damaged endangering the chick's life. The egg was delivered to Kiwi Encounter at Rainbow Springs in Rotorua 14 days ago by a DOC worker with a large hole in its shell and against all odds has just successfully hatched. More>>


International Trade: Key To Lead Mission To India; ASEAN FTA Review Announced

Prime Minister John Key will lead a trade delegation to India next week, saying the pursuit of a free trade agreement with the protectionist giant is "the primary reason we're going" but playing down the likelihood of early progress. More>>



MYOB: Digital Signatures Go Live

From today, Inland Revenue will begin accepting “digital signatures”, saving businesses and their accountants a huge amount of administration time and further reducing the need for pen and paper in the workplace. More>>

Oil Searches: Norway's Statoil Quits Reinga Basin

Statoil, the Norwegian state-owned oil company, has given up oil and gas exploration in Northland's Reinga Basin, saying the probably of a find was 'too low'. More>>


Modern Living: Auckland Development Blowouts Reminiscent Of Run Up To GFC

The collapse of property developments in Auckland is "almost groundhog day" to the run-up of the global financial crisis in 2007/2008 as banks refuse to fund projects due to blowouts in construction and labour costs, says John Kensington, the author of KPMG's Financial Institutions Performance Survey. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news