ANZ Roy Morgan Consumer Confidence is a monthly measure of consumer confidence across New Zealand households

A big jump of 3.1% on the month, to 127.8 and for its highest reading since January

  • The long-run average is 119
  • Today's result is the 10th in a row above the long run average

Comments from ANZ on the result:

  • Consumer sentiment lifted in June, the second consecutive increase.
  • An uplift in confidence points to more spending-based activity.
  • While housing market momentum is slowing, there is still plenty for consumers to smile about: jobs, a high NZD that's keeping prices down, and the Government's $2 billion family package injection, to name just a few.

As part of the survey ANZ assess inflation expectations

  • 3.5% in June
  • Down a touch from May (3.6%)
  • Adds the bank: they continue to chop around in what is now quite a familiar range.

Update ...