New Zealand skyline

New Zealand Consumer Confidence February 2024

New Zealand: Consumer confidence improves again in February

The ANZ-Roy Morgan consumer confidence indicator rose to 94.5 in February from 93.6 in January. However, the index remained entrenched below the 100-threshold that separates optimism from pessimism among consumers.

In February, households’ expectations of the country’s economic situation in the next 12 months and five years improved. Additionally, households were more willing to buy big-ticket items.

Commenting on the release, Sharon Zollner, chief economist at ANZ, stated:

“This month saw the perceptions gap close over whether it’s a good time to spend between those paying off a mortgage and those who are not. This may be related to the recent fall in carded mortgage rates, but the average rate that households are actually paying continues to creep higher as rollovers continue.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen