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.
ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Callaghan Innovation: Investment To Help Deepen Innovation Reporting

Callaghan Innovation, the government’s high tech HQ for Kiwi business, is to help deepen New Zealand media coverage of the commercialisation of innovation through an arms-length partnership with independent business news service BusinessDesk. More>>

ALSO:

Tax Credits, Grants: Greens $1Bn R&D Plan

In the Party’s headline economic announcement, the Greens have launched their plan to build a smarter, more innovative economy which has as its centrepiece an additional $1 billion of government investment in research and development (R&D) above current spend, including tax breaks for business. More>>

ALSO:

Inflation: CPI Increases 0.3 Percent In June Quarter

The consumers price index (CPI) rose 0.3 percent in the June 2014 quarter, Statistics New Zealand said today. This follows rises of 0.3 percent the March quarter and 0.1 percent in the December 2013 quarter. More>>

ALSO:

Half Empty: Dairy Product Prices Drop To Lowest Since December 2012

Dairy product prices fell to the lowest level since December 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and anhydrous milk fat. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news