New Zealand Consumer Confidence Gains Momentum in June, Says ANZ Research
Consumer confidence in New Zealand gained spirit in June, returning to levels seen in March but still below its January peak, ANZ Research said Friday. According to the ANZ-Roy Morgan index, consumer confidence rose 4 points to 91.3 in June as fuel prices declined and geopolitical uncertainties eased. This was still 16 points lower than January. The net proportion of households thinking it's a good time to buy a major household items, a retail indicator, jumped 9 points to negative 11. Inflation expectations fell to 4.6% from 5.3%, also reverting back to the levels from before the March oil spike. House price expectations held steady at 2.5%. "Confidence has now regained almost half its fall, with both the current-situation and forward-looking indices now 11 points off their lows," the firm commented.
Consumer confidence in New Zealand gained spirit in June, returning to levels seen in March but still below its January peak, ANZ Research said Friday.
According to the ANZ-Roy Morgan index, consumer confidence rose 4 points to 91.3 in June as fuel prices declined and geopolitical uncertainties eased.
This was still 16 points lower than January.
The net proportion of households thinking it's a good time to buy a major household items, a retail indicator, jumped 9 points to negative 11.
Inflation expectations fell to 4.6% from 5.3%, also reverting back to the levels from before the March oil spike.
House price expectations held steady at 2.5%. "Confidence has now regained almost half its fall, with both the current-situation and forward-looking indices now 11 points off their lows," the firm commented.