The Westpac-McDermott Miller consumer confidence index in New Zealand jumped to to 109.1 in the fourth quarter of 2018 from 103.5 in the previous period, hitting a three-quarter high. The main reasons pointed for the climb in confidence were "lower petrol prices, mortgage rates falling to low levels, along with a related firming in housing markets in some regions." The Expected Conditions Index (+6.7 to 107.5 and the Present Conditions Index (+4.0 to 111.5) both jumped. Meantime, 1-year economic outlook subindex jumped 11.9 points to 4.0, whereas the 5-year economic outlook rose a modest 3.2 points to 18.1. Also, the expected financial situation jumped 5.1 points to 0.5, contrasting with a shy 1.1 point gain to -4.2 in the current financial situation subindex. Consumer Confidence in New Zealand averaged 111.39 Index Points from 1988 until 2018, 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 104.00 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 108.00 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.

New Zealand Consumer Confidence
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-03-19 09:00 PM Westpac Consumer Confidence 111.2 107.4 107
2018-06-19 10:00 PM Westpac Consumer Confidence 108.6 111.2 111.5
2018-09-18 10:00 PM Westpac Consumer Confidence 103.5 108.6 107
2018-12-18 09:00 PM Westpac Consumer Confidence 109.1 103.5 104
2019-03-19 09:00 PM Westpac Consumer Confidence 109.1 111
2019-06-19 10:00 PM Westpac Consumer Confidence 107
2019-09-18 10:00 PM Westpac Consumer Confidence 108

New Zealand Consumer Last Previous Highest Lowest Unit
Consumer Confidence 109.10 107.40 130.90 79.10 Index Points [+]
Retail Sales MoM 0.00 1.10 2.80 -2.80 percent [+]
Retail Sales YoY 2.70 3.10 9.30 -8.00 percent [+]
Consumer Spending 38478.00 38101.00 38478.00 15210.00 NZD Million [+]
Private Sector Credit 450341.00 449127.00 450341.00 10449.00 NZD Million [+]
Bank Lending Rate 9.41 9.42 16.02 7.50 percent [+]
Households Debt To GDP 92.60 92.20 93.30 27.90 percent of GDP [+]
Households Debt To Income 166.00 166.00 166.20 56.20 percent [+]

New Zealand Consumer Confidence

In New Zealand, the Westpac McDermott Miller Consumer Confidence Index measures the level of optimism that consumers have about the performance of the economy. The Consumer Confidence Index is calculated from percentage response to five internationally standardized questions covering consumers' personal financial circumstances, national economic expectations and attitudes to major purchases. It is 100 plus the average of the difference between positive answers and negative responses. A score above 100 shows more optimism than pessimism while a score below 100 denotes more pessimism. . This page provides the latest reported value for - New Zealand Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. New Zealand Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
109.10 107.40 130.90 79.10 1988 - 2018 Index Points Quarterly

Country Last Previous
Argentina 36.00 Dec/18
Australia 99.60 Jan/19
Brazil 114.30 Dec/18
Canada 54.17 Jan/19
China 122.10 Nov/18
Euro Area -6.20 Dec/18
France 87.00 Dec/18
Germany 10.40 Jan/19
India 94.00 Dec/18
Indonesia 127.00 Dec/18
Italy 113.10 Dec/18
Japan 42.70 Dec/18
Mexico 105.65 Dec/18
Netherlands 9.00 Dec/18
Russia -17.00 Dec/18
Saudi Arabia 106.00 Sep/18
South Africa 7.00 Sep/18
South Korea 97.20 Dec/18
Spain 90.90 Dec/18
Switzerland -6.00 Dec/18
Turkey 58.20 Dec/18
United Kingdom -14.00 Dec/18
United States 98.30 Dec/18