The Westpac : McDermott Miller NZ Consumer Confidence Index for December 2015 is 110.7
WESTPAC : McDERMOTT MILLER
CONSUMER CONFIDENCE SURVEY
“The lift in Consumer Confidence was largely driven by
a return to positive sentiment about the short term prospects for the
Consumers in rural areas (index 109.1) are slightly less confident that those in metropolitan centres (112.6), and are less positive about NZ’s short terms prospects (net 2% expecting good economic times over the next year vs. net 12%. As could be expected, the “low dairy prices” is more frequently cited as reason for negative sentiment about NZ’s short term economic prospects by consumers in rural (26%) than consumers in metropolitan centres (18%).
“Confidence amongst consumers employed the Public Sector remains, at 115.2, below that of consumers employed in the Private Sector (117.2), but the jump from September in the former group was considerably greater (14.3 points) than the latter (9.0 points), narrowing the spread between the two groups to an unusually narrow 2 points.
A net 15% of consumers in the Public Sector expect good economic times over the next year (up from the net 28% in September expecting bad times), a greater percentage than the net 12% of consumers in the Private Sector expecting good economic times. A greater percentage of consumers employed in the Public Sector who have positive views on New Zealand’s short term economic prospects credit ‘effective government policies’ for their positive outlook (32%) than do consumers employed in the Private Sector”
“The return to a
more strongly optimistic Consumer Confidence Index bodes well for strong retail
sales in the remaining Christmas period and for leisure and holiday spending
over the coming weeks”, concluded
18 December 2015
Richard Miller, Managing Director
McDermott Miller Limited
04 471 8501
The Consumer Confidence Index is based on a survey of
a representative sample of 1565
The Westpac : McDermott Miller Consumer Confidence Survey and Index is owned by McDermott Miller Limited. Westpac : McDermott Miller should be acknowledged as the source when citing the Index, just as Westpac-Melbourne Institute should be acknowledged when citing the Australian Index of Consumer Sentiment. Graphs supplied may be reproduced by the news media provided the Westpac : McDermott Miller logo remains inset.