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Financial News: New Zealand Consumer Confidence Falls In January

New Zealand Consumer Confidence Falls In January

01/30/2020 - 23:22:00 (RTTNews)

(RTTNews) - New Zealand consumer confidence weakened marginally in January, survey data from ANZ showed on Friday.

The ANZ-Roy Morgan consumer confidence index fell to 122.7 in January from 123.3 in December.

The current conditions index dropped 2 point to 130 and the future conditions index remained unchanged at 118.

Consumers' perceptions of their current financial situation declined 8 points to a net 11 percent. A net 30 percent of consumers expect to be better off financially this time next year, unchanged from December.

The balance of consumers viewing it as a good time to make major purchases rose 5 points to 49 percent.

Perceptions regarding the next year's economic outlook increased 1 point to a net 10 percent expecting conditions to improve. The five-year outlook fell 2 points to +13 percent.

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