The ANZ-Roy Morgan Consumer Confidence index fell 3 points to 92 in August, its lowest level in 10 months. The future conditions index dropped 2 points to 98.8, while the current conditions index fell 3 points to 81.8. Household perceptions of personal finances weakened further, slipping 3 points to -24%, and a net 12% of respondents said it was a bad time to buy a major household item, down 4 points, signaling pressure on retailers. Economic outlook measures also declined, with the 12-month view falling 4 points to -20% and the five-year outlook down 4 points to +3. Two-year-ahead CPI inflation expectations eased from 5.1% to 4.8%, while house price expectations held steady at 3.5%. Despite these declines, lower real interest rates and the RBNZ’s dovish pivot provide some support, though consumer sentiment and retail spending may remain subdued in the near term. source: Australia and New Zealand Banking Group

ANZ Roy Morgan Consumer Confidence Index in New Zealand decreased to 92 points in August from 94.70 points in July of 2025. ANZ Roy Morgan Consumer Confidence Index in New Zealand averaged 110.83 points from 2009 until 2025, reaching an all time high of 135.80 points in January of 2014 and a record low of 73.80 points in December of 2022. This page includes a chart with historical data for New Zealand ANZ Roy Morgan Consumer Confidence Index. New Zealand ANZ-Roy Morgan Consumer Confidence Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

ANZ Roy Morgan Consumer Confidence Index in New Zealand decreased to 92 points in August from 94.70 points in July of 2025. ANZ Roy Morgan Consumer Confidence Index in New Zealand is expected to be 97.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand ANZ-Roy Morgan Consumer Confidence Index is projected to trend around 104.00 points in 2026 and 100.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-31 10:00 PM
ANZ Roy Morgan Consumer Confidence
Jul 94.7 98.8 101
2025-08-28 10:00 PM
ANZ Roy Morgan Consumer Confidence
Aug 92 94.7 95.6
2025-09-25 10:00 PM
ANZ Roy Morgan Consumer Confidence
Sep 97


Related Last Previous Unit Reference
ANZ Roy Morgan Consumer Confidence 92.00 94.70 points Aug 2025
Bank Lending Rate 10.92 10.97 percent Aug 2025
Westpac Consumer Confidence 91.20 89.20 points Jun 2025
Consumer Spending 45756.00 45159.00 NZD Million Mar 2025
Electronic Retail Card Spending YoY 6889.00 6876.00 NZD Million Jul 2025
Gasoline Prices 1.48 1.49 USD/Liter Aug 2025
Households Debt to GDP 90.00 89.80 percent of GDP Dec 2024
Households Debt to Income 170.00 169.00 percent Mar 2025
Private Sector Credit 592065.00 590324.00 NZD Million Jul 2025
Retail Sales 0.50 0.80 percent Jun 2025
Retail Sales YoY 2.30 0.70 percent Jun 2025

New Zealand ANZ-Roy Morgan Consumer Confidence Index
In New Zealand, ANZ Roy Morgan Consumer Confidence is a monthly measure of consumer confidence across New Zealand households and how this affects their spending behavior.
Actual Previous Highest Lowest Dates Unit Frequency
92.00 94.70 135.80 73.80 2009 - 2025 points Monthly
NSA

News Stream
New Zealand Consumer Morale Hits 10-Month Low
The ANZ-Roy Morgan Consumer Confidence index fell 3 points to 92 in August, its lowest level in 10 months. The future conditions index dropped 2 points to 98.8, while the current conditions index fell 3 points to 81.8. Household perceptions of personal finances weakened further, slipping 3 points to -24%, and a net 12% of respondents said it was a bad time to buy a major household item, down 4 points, signaling pressure on retailers. Economic outlook measures also declined, with the 12-month view falling 4 points to -20% and the five-year outlook down 4 points to +3. Two-year-ahead CPI inflation expectations eased from 5.1% to 4.8%, while house price expectations held steady at 3.5%. Despite these declines, lower real interest rates and the RBNZ’s dovish pivot provide some support, though consumer sentiment and retail spending may remain subdued in the near term.
2025-08-28
NZ Consumer Confidence Drops as Recovery Stalls in July
The ANZ-Roy Morgan Consumer Confidence index fell to 94.7 in July from 98.8 in June, continuing its recent volatile trend and signaling persistent economic weakness. The decline points to a sluggish recovery from last year’s recession, with weakening activity indicators and possible contractions in both GDP and employment in the June quarter. Consumer spending remains soft, as the share of households saying it’s a good time to buy a major item fell to -8, while the housing market continues to stagnate. Inflation expectations rose to 5.1%—the highest since April 2023—driven by rising costs in essentials such as food, insurance, and utilities. Perceptions of personal finances and economic conditions deteriorated further, weighing on future sentiment. However, easing mortgage rates and strong farm incomes may offer some support in the coming months, potentially paving the way for RBNZ rate cuts to aid the recovery.
2025-07-31
New Zealand Consumer Morale Rises to 6-Month High
The ANZ-Roy Morgan Consumer Confidence index rose by 6 points to 98.8 in June, marking the highest reading since December. All component indicators improved, though many remain subdued by historical standards. The proportion of households saying it’s a good time to buy a major household item increased 3 points to -7, still pointing to soft retail sentiment. Inflation expectations jumped 0.3 percentage points to 4.9%—the highest level since April 2023—likely driven by persistent food price inflation (4.4% y/y), as well as concerns over rising energy and electricity costs. While higher inflation expectations from households may not significantly impact overall inflation trends or wage outcomes, they do reflect a continued sense of cost-of-living pressure. The future conditions index rose 8 points to 104.8, and the current conditions index gained 3 points to 89.8, suggesting slightly improved optimism about both present and future economic conditions.
2025-06-26