The consumer confidence indicator in New Zealand declined to 99.1 in the fourth quarter of 2021 from 102.7 in the previous three-month period, suggesting consumers became pessimistic about the economic environment amid rising mortgage rates, as well as ongoing concerns about Covid and its variants. Many households have reported that their financial position has deteriorated over the past year, and a growing number expect their finances will come under pressure in the new year. source: Westpac Banking Corporation, McDermott Miller
Consumer Confidence in New Zealand averaged 110.55 points from 1988 until 2021, reaching an all time high of 130.90 points in the second quarter of 1994 and a record low of 79.10 points in the first quarter of 1991. 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 - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Consumer Confidence in New Zealand is expected to be 102.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand Consumer Confidence is projected to trend around 105.00 points in 2022, according to our econometric models.