The Westpac-McDermott Miller consumer confidence index in New Zealand decreased to 111.9 in the first quarter of 2017 from 113.1 in the previous period. Households became a little less optimistic about future financial situation (7.6 from 7.7 in the Q4) as their assessment on current financial position is less favourable (2.3 from 2.5). The 1-year economic outlook decreased to 11.8 from 18 in the previous period while the 5-year one rose to 17.8 from 17.2. Consumer Confidence in New Zealand averaged 111.40 from 1988 until 2017, reaching an all time high of 130.90 in the second quarter of 1994 and a record low of 79.10 in the first quarter of 1991. 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.
. 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.
Read Full Story
Latest posts by NZD Editor (see all)
- NZD Boosted by Risk-on Sentiment But Weakness Remains - August 19, 2017
- NZD/USD edges back to weekly tops, around 0.7330 - August 18, 2017
- FxWirePro: EUR/NZD fails at major trendline resistance at 1.6240, good to short rallies - August 18, 2017