The Westpac-McDermott Miller consumer confidence index in New Zealand jumped 10.9 points to 106 in the last quarter of 2020, recovering from a 12-month low of 95.1 recorded in the previous period. It was the highest reading in a year, as both the current (-14.0 from -16.9 in Q3) and expected financial situation (13.0 from 11.2) improved. At the same time, consumers were more optimistic about the 1-year economic (-1.0 from -26.3) and the 5-year one (26.0 from 9.9). source: Westpac Banking Corporation, McDermott Miller
Consumer Confidence in New Zealand averaged 110.77 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 January of 2021.
Consumer Confidence in New Zealand is expected to be 102.50 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 102.00 in 12 months time. In the long-term, the New Zealand Consumer Confidence is projected to trend around 103.00 points in 2021 and 105.00 points in 2022, according to our econometric models.