The Westpac-McDermott Miller consumer confidence index in New Zealand declined to 103.8 in the first quarter of 2019 from 109.1 in the previous period. All main subindexes deteriorated: Expected Conditions index (-6.2 points to 101.3), Expected financial situation index (-7.0 points to -6.5). Also, the 1-year economic outlook decreased 9.1 points to -5.1; the 5-year economic outlook fell 2.7 points to 15.4 and the Good Time to Buy index dipped 3.9 points to 23.4. Consumer Confidence in New Zealand averaged 111.22 Index Points from 1988 until 2019, reaching an all time high of 130.90 Index Points in the second quarter of 1994 and a record low of 79.10 Index Points in the first quarter of 1991.
Consumer Confidence in New Zealand is expected to be 111.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in New Zealand to stand at 109.00 in 12 months time. In the long-term, the New Zealand Consumer Confidence is projected to trend around 107.00 Index Points in 2020, according to our econometric models.