ANZ-Roy Morgan New Zealand Consumer Confidence up 1.3pts to 85.0 in August
ANZ-Roy Morgan Consumer Confidence was up 1.3 points in August to 85.0, with the lift driven by an increase in the question of whether it’s a good or bad time to buy a major household item, which rose from a net rating of -39% to -31% - a net improvement of 8% points in a month.
Inflation expectations were virtually unchanged at 4.6% in August.
The ANZ-Roy Morgan Consumer Confidence Index lifted very slightly in August, but remains at low levels.
Turning to the detail:
The net perceptions of current personal financial situations are still deep in negative territory but lifted 1 point to -24% with 22% (down 1% point) of New Zealanders now saying they are 'better off' financially than a year ago while a decreasing plurality of 46% (down 2% points) say they are 'worse off'.
A net 13% of New Zealanders expect to be better off this time next year, up 2 points.
A net 31% of New Zealanders think it’s a bad time to buy a major household item, an 8-point bounce after last month’s sharp 12-point fall. However, the continuing low level of the indicator suggests little for retailers to celebrate as yet.
Net perceptions regarding New Zealand's economic outlook in 12 months’ time eased 2 points to -34%. The 5-year-ahead measure also fell 2 points although it it still (just) in positive territory at +1%.
House price inflation expectations lifted again, from 1.9% to 2.4%. Respondents in most regions expect house price growth of around 2.5%, but Wellington was the outlier, with around half that.
By region, consumer confidence fell in Auckland and Wellington but rose elsewhere.
The two-year-ahead CPI inflation expectations eased very slightly from 4.7% to 4.6%.
Check out the latest data of ANZ-Roy Morgan New Zealand Consumer Confidence here: ANZ-Roy Morgan New Zealand Consumer Confidence
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Margin of Error
The margin of error to be allowed for in any estimate depends mainly on the number of interviews on which it is based. Margin of error gives indications of the likely range within which estimates would be 95% likely to fall, expressed as the number of percentage points above or below the actual estimate. Allowance for design effects (such as stratification and weighting) should be made as appropriate.
| Sample Size | Percentage Estimate |
| 40% – 60% | 25% or 75% | 10% or 90% | 5% or 95% | |
| 1,000 | ±3.0 | ±2.7 | ±1.9 | ±1.3 |
| 5,000 | ±1.4 | ±1.2 | ±0.8 | ±0.6 |
| 7,500 | ±1.1 | ±1.0 | ±0.7 | ±0.5 |
| 10,000 | ±1.0 | ±0.9 | ±0.6 | ±0.4 |
| 20,000 | ±0.7 | ±0.6 | ±0.4 | ±0.3 |
| 50,000 | ±0.4 | ±0.4 | ±0.3 | ±0.2 |
