Consumer confidence 3 year high

The ANZ-Roy Morgan New Zealand Consumer Confidence is at a 3 year high.

SUMMARY

  • ANZ-Roy Morgan New Zealand Consumer Confidence hit a three-year high in September. It points to an ongoing decent pace of spending and activity growth.

  • The softer housing market and election uncertainty have failed to dent consumer optimism.

  • House price expectations cooled further, while inflation expectations were steady.

Nothing appears able to clip consumers’ wings at present. The ANZ-Roy Morgan Consumer Confidence Index lifted from 126.2 to 129.9 in September, which is the highest level since July 2014. Once we adjust for seasonality, the index rose by 2 points to also be at its highest level since July 2014. After its recent low in April, the seasonally adjusted index has surged over 15 points.

ANZ-Roy Morgan New Zealand Consumer Confidence Rating - September 2017 - 129.9

So things look good for whoever the new government is.

http://www.roymorgan.com/findings/7341-anz-roy-morgan-new-zealand-consumer-confidence-rating-september-2017-201709141420

 

3 Comments

  1. Tipene

     /  September 15, 2017

    Doesn’t sound like a “mood for change” to me, if this is the case.

    • Corky

       /  September 15, 2017

      Record breaking new car sales before an election..unheard of. My guess is that’s a vote of no confidence in Labours economic policies. Punters are slurping the last of the summer wine just in case Labour becomes the gummint. Wise people.

      ps Toyota Hilux is back on top after Ford Rangers four year rein as No1.

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