The consumer confidence indicator in New Zealand declined to 92.1 in the first quarter of 2022 from 99.1 in the previous period, the lowest since the Global Financial Crisis in 2008. Households have reported that their financial position has deteriorated as the economy has been buffeted by a multitude of headwinds. That includes rising consumer prices and higher mortgage rates, both of which are squeezing households’ disposable incomes. The rapid spread of Omicron is also likely to have dampened confidence in recent weeks. source: Westpac Banking Corporation, McDermott Miller

Consumer Confidence in New Zealand averaged 110.42 points from 1988 until 2022, 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 May of 2022.

Consumer Confidence in New Zealand is expected to be 103.00 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 2023, according to our econometric models.

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New Zealand Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2021-12-19 09:00 PM Q4 99.1 102.7 101.5 102
2022-03-21 08:00 PM Q1 92.1 99.1 99.3
2022-06-21 09:00 PM Q2 92.1


Related Last Previous Unit Reference
Consumer Confidence 92.10 99.10 points Mar 2022

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. .
Actual Previous Highest Lowest Dates Unit Frequency
92.10 99.10 130.90 79.10 1988 - 2022 points Quarterly

News Stream
New Zealand Consumer Morale Falls to 2008 Levels
The consumer confidence indicator in New Zealand declined to 92.1 in the first quarter of 2022 from 99.1 in the previous period, the lowest since the Global Financial Crisis in 2008. Households have reported that their financial position has deteriorated as the economy has been buffeted by a multitude of headwinds. That includes rising consumer prices and higher mortgage rates, both of which are squeezing households’ disposable incomes. The rapid spread of Omicron is also likely to have dampened confidence in recent weeks.
2022-03-21
New Zealand Consumer Morale Weakens in Q4
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.
2021-12-19
New Zealand Consumer Sentiment Down to 1-Year Low
The Westpac-McDermott Miller consumer confidence index in New Zealand fell by 4.4 points to 102.7 in the third quarter of 2021 from 107.1 in the previous quarter. It was the lowest reading since the third quarter of 2020 in the wake of the latest lockdown. However, the drop in confidence has been much less stark than last year when Covid first arrived. While households are nervous about the economic outlook, they’re still feeling fairly secure about their personal financial situation. Widespread disruptions to global supply chains and rising shipping costs appear to be weighing on spending appetites.
2021-09-20