consumer confidence tagged posts
March 21, 2016 New Zealand Finance
New Zealand consumers have remained generally optimistic throughout 2016, although wealthy consumers and rural consumers are seeing sharp declines in confidence.
Consumer confidence fell slightly in New Zealand over the three months ending March 2016, falling by 1.1 points to a level of 109.6 points on the latest McDermott Miller NZ Consumer Confidence Index released on March 21st.
While the Index does indicate a minor fall in confidence, overall buoyancy among consumers remained “firmly optimistic”.
However, it was also noted that there are sharp differences in confidence among different social and regional groups.
Metropolitan consumers saw an increase in confidence of 2.6 points, while secondary and rural consumers experienced declines of 3.7 points and 8.3 points respectively.
December 23, 2011 New Zealand Finance
New Zealanders are increasingly pessimistic about the economy, and new research shows that consumer confidence levels have hit the lowest point since 2009.
On December 19th Westpac bank and the consultancy firm McDermott Miller released a joint report on New Zealanders’ outlooks for the national economy, stating that consumer confidence has fallen sharply over the December quarter.
According to the report, the New Zealand Consumer Confidence Index now stands at 101 points, and has fallen by 10.7 points since the September quarter. The latest drop is sharper than the loss in consumer confidence recorded following the Christchurch earthquakes, and the Index now stands lower than the most pessimistic point throughout the global financial crisis.
The new research indicates that almost 22 perc...Read More
April 24, 2009 New Zealand Finance
According to a recently conducted survey, New Zealand consumers are seeing a brighter future soon and are less pessimistic.
According to research published by Roy Morgan Research, which questioned 2,156 people between the 2nd and 18th of January, New Zealander’s are becoming more optimistic about the country’s economic outlook.
From a consumer perspective, of those surveyed the percentage who says that “now is a good time” to buy home appliances has increased by 6% to 48%. Conversely, the percentage of those saying it was a bad time to buy has dropped by 5% to 39%.
Other changes included a fall of 4%, in those thinking that they were financially “worse off” at the time of the survey, bringing it to a level of 38%...Read More