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

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news