ANZ-Roy Morgan New Zealand Consumer Confidence virtually unchanged at 114.1 in June
New Zealand Consumer Confidence was virtually unchanged at 114.1 in June, a little under its historical average of 120.
New Zealand Consumer Confidence was virtually unchanged at 114.1 in June, a little under its historical average of 120.
- The proportion of people who believe it is a good time to buy a major household item, a key retail indicator, rose 3 points to +22.
- Inflation expectations cracked an unheard-of 5%, while house price inflation expectations were little changed at 5.8%.
Turning to the detail:
- Perceptions of current financial situations jumped 7 points to +14%, by far its strongest post-COVID level.
- A net 22% expect to be better off this time next year, down 5.
- A net 22% think it is a good time to buy a major household item, up 3 points to a post-COVID high. This is the single best retail indicator in the survey.
- Perceptions regarding the next year’s economic outlook rose 4 points to +3%. The five-year outlook fell 8 points to +10%.
- House price inflation expectations were little changed at 5.8%. They lifted in Auckland (from 5.7% to 6.2%) but eased elsewhere.
- CPI inflation expectations jumped 0.7%pts to 5.1%, a record high in data that starts in 2010.
Households’ confidence about buying major items is rising – not that previously self-reported wariness has been much of a constraint in practice, retail sales data shows. This likely reflects a substitution towards nice things in place of overseas holidays, plus the housing boom. Younger people have generally taken longer to be convinced that now is a good time to spend, but everyone’s broadly now on the same page.
Latest ANZ-Roy Morgan Consumer Confidence Releases
Related Research Reports
The latest Roy Morgan Consumer Confidence Monthly Report is available on the Roy Morgan Online Store. It provides demographic breakdowns for Age, Sex, State, Region (Capital Cities/ Country), Generations, Lifecycle, Socio-Economic Scale, Work Status, Occupation, Home Ownership, Voting Intention, Roy Morgan Value Segments and more.
Margin of Error
The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.
| Sample Size | Percentage Estimate |
| 40% – 60% | 25% or 75% | 10% or 90% | 5% or 95% | |
| 1,000 | ±3.0 | ±2.7 | ±1.9 | ±1.3 |
| 5,000 | ±1.4 | ±1.2 | ±0.8 | ±0.6 |
| 7,500 | ±1.1 | ±1.0 | ±0.7 | ±0.5 |
| 10,000 | ±1.0 | ±0.9 | ±0.6 | ±0.4 |
| 20,000 | ±0.7 | ±0.6 | ±0.4 | ±0.3 |
| 50,000 | ±0.4 | ±0.4 | ±0.3 | ±0.2 |
