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Financial News: New Zealand Consumer Confidence Falls In September

New Zealand Consumer Confidence Falls In September

10/02/2020 - 02:48:00 (RTTNews)

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

The ANZ-Roy Morgan consumer confidence index fell to 100.0 in September from 100.2 in August.

The current conditions index dropped to 99.0 and the future conditions index fell to 100.6.

Consumers' perceptions of their current financial situation declined 3 points to -2. A net 22 percent of consumers expect to be better off financially this time next year, which was down 5 points from last month.

A net 1 percent said it is a bad time to buy a major household item.

Perceptions regarding the next year's economic outlook rose 7 point to a net -35 percent. Meanwhile, the five-year outlook fell 2 points to +15 percent.

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