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