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


NZ consumer confidence slips for second month

NZ consumer confidence slips for second month, remains ‘elevated’: Roy Morgan

Dec. 18 (BusinessWire) – New Zealand consumer confidence fell for a second month in December, while remaining at an elevated level, with those polled generally more upbeat about the future than their circumstances right now, according to the ANZ-Roy Morgan Consumer Confidence measure.

Confidence slipped 2.9 points to 118.6 this month, having peaked in October at 125.9. Confidence sank below the key benchmark level of 100 in February and March.

The survey, taken between Nov. 30 and Dec. 13, shows a wide gap between current and future conditions, with those polled giving a reading for current conditions at 94.5, up from 94.2 the previous month.

Respondents said inflation would be about 3.9% on average over the next two years –above the central bank’s target band of 1% to 3%. Reserve Bank Governor Alan Bollard said this month that he may raise the official cash rate in mid-2010, earlier than he has previously indicated.

The Roy Morgan poll comes a day after the Westpac-McDermott Miller consumer confidence survey showed a decline in the fourth quarter to 116.9, from 120.3 in the third quarter, which was a four-year high.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>

MBIE: 36th America’s Cup Post-event Reports Released

Post-event reporting on the 36th America’s Cup (AC36) has been released today. The reports cover the delivery of the event by Crown, Council and America’s Cup Event Limited, economic impacts for Auckland and New Zealand, and delivery of critical infrastructure... More>>

Fonterra: Farmer Feedback Set To Shape Revised Capital Structure Proposal

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward in the Consultation Booklet in May... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>