The Westpac-McDermott Miller consumer confidence index in New Zealand declined 5.7 points to 104.2 in the first quarter of 2020, as the novel coronavirus outbreak and a drought took a toll on sentiment. Most subindices recorded declines, with expected financial situacion (19.9 vs 15.5 in Q4) and the 5-year economic outlook (unchanged at 9.7) eking out. Particular steep falls were observed in the subindices of 1-year economic outlook (-15.4 vs 4.2) and good time to buy (8.4 vs 21.1), the latter remaining in positive territory buoyed by the housing market. “While households are nervous about the economic outlook, at this stage they are less concerned about how they will personally be affected. However, that could change over the coming months,” said Satish Ranchhod, Senior Economist at Westpac.

Consumer Confidence in New Zealand averaged 111.03 points from 1988 until 2020, 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 April of 2020. source: WESTPAC

Consumer Confidence in New Zealand is expected to be 104.00 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 99.00 in 12 months time. In the long-term, the New Zealand Consumer Confidence is projected to trend around 106.00 points in 2021 and 108.00 points in 2022, according to our econometric models.

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New Zealand Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
104.20 109.90 130.90 79.10 1988 - 2020 points Quarterly
Consumer Confidence by Country


Calendar GMT Actual Previous Consensus TEForecast
2019-06-17 10:00 PM Q2 103.5 103.8 101
2019-09-16 09:00 PM Q3 103.1 103.5 104.0 102.5
2019-12-16 09:00 PM Q4 109.9 103.1 103.5 103.6
2020-03-16 08:00 PM Q1 104.2 109.9 107
2020-06-17 10:00 PM Q2 104.2 96
2020-09-16 09:00 PM Q3 85
2020-12-14 10:00 PM Q4 99
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
New Zealand Consumer Confidence Drops 5.7 Points
The Westpac-McDermott Miller consumer confidence index in New Zealand declined 5.7 points to 104.2 in the first quarter of 2020, as the novel coronavirus outbreak and a drought took a toll on sentiment. Most subindices recorded declines, with expected financial situacion (19.9 vs 15.5 in Q4) and the 5-year economic outlook (unchanged at 9.7) eking out. Particular steep falls were observed in the subindices of 1-year economic outlook (-15.4 vs 4.2) and good time to buy (8.4 vs 21.1), the latter remaining in positive territory buoyed by the housing market. “While households are nervous about the economic outlook, at this stage they are less concerned about how they will personally be affected. However, that could change over the coming months,” said Satish Ranchhod, Senior Economist at Westpac.
2020-03-16
New Zealand Consumer Confidence Gains 7 Points
The Westpac-McDermott Miller consumer confidence index in New Zealand climbed 6.8 points to 109.9 in the fourth quarter of 2019, rebounding from the lowest in seven years and compared to market expectations of 103.5, as less global trade policy uncertainty and a pickup in the housing market nudged sentiment higher. All subindices improved in the fourth quarter. The 1-year outlook climbed the most, gaining 13.4 points to 4.2, while the 5-year outlook rose 10.8 points to 9.7. Meanwhile, the present conditions index gained 3.7 points to 110.1, while the expected conditions index added 8.8 points to 109.8. Ahead of the shopping season, the good time to buy component added 6 points to 21.1 points.
2019-12-16
New Zealand Consumer Confidence at 7-Year Low
The Westpac-McDermott Miller consumer confidence index in New Zealand edged down to 103.1 in the third quarter of 2019, the lowest in seven years and compared to market expectations of 104, as global trade policy and a recent 50bps rate cut from the RBNZ particularly weighed on confidence for the 5-year economic outlook (down 13 points to -1.1). In addition, the 1-year economic outlook also fell (down 4.6 points to -9.2). On the bright side, the expected financial situation sub-index soared 16.4 points to 13.2 as households reacted positively to a fall in borrowing rates. Nonetheless, the ‘good time to buy’ sub-index declined 2.8 points to 15.1, hinting that consumers remain hesitant to spend and rather took advantage of looser monetary policy to pay down debt.
2019-09-16
New Zealand Consumer Sentiment Deteriorates in Q2
The Westpac-McDermott Miller consumer confidence index in New Zealand fell to 103.5 in the second quarter of 2019 from 103.5 in the previous period. Households became increasingly worried about conditions in the global economy over the next five years (-3.5 points to 11.9); and the number of households who think now is a good time to purchase a major item has fallen to a two-year low (-5.5 points to 17.9). Meanwhile, households’ expectations regarding their financial situation improved slightly (+0.5 points to -4.6).
2019-06-18

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. .