The consumer confidence indicator in New Zealand declined further to 78.7 in the second quarter of 2022 from 92.1 in the previous period. It was the lowest reading ever recorded reflecting growing pessimism around the economic landscape. Households became increasingly concerned about their financial positions amid rising consumer prices and mortgage rates. Disruptions stemming from the Omicron outbreak also weighed on confidence. source: Westpac Banking Corporation, McDermott Miller
Consumer Confidence in New Zealand averaged 110.19 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 78.70 points in the second quarter of 2022. 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 June 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 2023, according to our econometric models.