empty
 
 

28.08.202522:21:00UTC+00New Zealand Consumer Morale Falls Amid Weak Retail Sentiment

In August, the ANZ-Roy Morgan Consumer Confidence index dropped by 3 points to 92, marking its lowest point in the past 10 months. The future conditions index experienced a decrease of 2 points, landing at 98.8, while the current conditions index fell by 3 points to 81.8. Household assessments of personal financial situations further deteriorated, decreasing by 3 points to -24%. Moreover, a net 12% of respondents expressed that it was an unfavorable time to purchase a significant household item, a decline of 4 points, highlighting challenges for retailers. Additionally, economic outlook indicators declined, with the 12-month perspective dropping 4 points to -20% and the five-year forecast decreasing by 4 points to +3. Projections for CPI inflation two years ahead have lowered slightly from 5.1% to 4.8%, while expectations for house prices remained consistent at 3.5%. Despite these declines, factors like lower real interest rates and the Reserve Bank of New Zealand's (RBNZ) dovish stance offer some level of support; however, consumer sentiment and retail spending are anticipated to stay subdued in the short term.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback