ANZ-Roy Morgan New Zealand Consumer Confidence was down 0.6pts to 97.7 in January
The ANZ-Roy Morgan Consumer Confidence Index was unchanged at 98 in January, well under its long-term average of just shy of 120. The vast majority of the survey was conducted before confirmation of Omicron in the community.
Turning to the detail:
- Perceptions of current personal financial situations fell 5 points to -4%.
- A net 14% expect to be better off this time next year, up 2. This is an unusually low reading outside a recession.
- On balance, households think it’s a bad time to buy a major household item (-4, down 4 points). This is the best retail spending indicator in the
- survey.
- Perceptions regarding the next year’s economic outlook fell 1 point to -21%, a very low level. The five-year outlook lifted 4 points to +3%.
- House price inflation expectations were unchanged at 5.3%, with a mix of rises and falls across regions.
- CPI inflation expectations ticked up 0.2%pts from 5.6% to 5.8%, now slightly under actual CPI inflation, which is unheard of. Households have nailed inflation forecasting in the past year. Respect.
Latest ANZ-Roy Morgan New Zealand & Asia-Pacific Consumer Confidence Data Tables
Related Research Reports
The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.
You can also view our monitor of Quarterly New Zealand Unemployment & Under-employment Estimates.
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