ANZ Roy Morgan New Zealand June Consumer Confidence at 85.5

  • prior was 79.2

ANZ point out:

  • still a very low level
  • The proportion of people who believe it is a good time to buy a major household item, a key retail indicator, rose 7 points to -27

On inflation expectations in the survey:

  • dropped sharply from 4.8% to 4.3%
  • Consumers don’t get to set prices but they are half of the wage-negotiation process, so the RBNZ will be very pleased to see that.
New Zealand inflation expectations june 2023