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JUNE 2015

Westpac : McDermott Miller NZ Employment Confidence Survey

 

 

29 JUNE 2015

 

“Employment confidence in New Zealand fell 5.8 index points in the June 2015 Quarter” announced Richard Miller. It now stands at 102.8 on our Employment Confidence Index, the lowest level for seven calendar quarters.

 

“There has been a loss of confidence across the board” said Richard Miller, “with almost all regions, demographic groups and income groups of employees less optimistic than they were in March 2015.” 

 

Only a handful of regions remain optimistic about employment Auckland (at 107.8), Bay of Plenty (106.3), Canterbury (on 112.0) and Southland (on 106.2).

 

The regions who are most pessimistic about employment are Waikato (down 10.4 to 96.9), Northland (down 10.1 to 90.2) and Wellington (down 8.9 to 96.5).

 

“Public Sector employees are now pessimistic (down 9.5 points this quarter to 96.1 CCI), while Private Sector employees retain their optimism (but down 3.2 points to 107.6 CCI).  Uncertainty about the effectiveness of government policy in stimulating growth over the coming year could underlie the conjectured shift”, suggested Richard Miller.

 

Enquiries to:

 

Richard Miller

Managing Director

McDermott Miller Limited

 

Phone: 04 471 8502

Email:   strategies@mcdermottmiller.co.nz

Website: http://www.mcdermottmiller.co.nz/

 

Email:  strategies@mcdermottmiller.co.nz Website:  www.mcdermottmiller.co.nz

 

Index Background

The Consumer Confidence Index is based on a survey of a representative sample of 1581 New Zealand households interviewed during 2-13 June 2015.  It analyses answers to five standard questions on personal financial circumstances, expectations for the economy and attitude to buying substantial household items.  Index scores measure consumer confidence in the economy, with a score of greater than 100 showing more optimism than pessimism and vice versa for a score below 100 (for more information see (Survey Specifications).

Acknowledgement

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.

 

 

McDERMOTT MILLER LIMITED  Strategy and Economics Consultants

CPO BOX 629 WELLINGTON NEW ZEALAND

2nd FLOOR 90 THE TERRACE WELLINGTON

TELEPHONE (04) 471-8500

EMAIL strategies@mcdermottmiller.co.nz  WEB www.mcdermottmiller.co.nz

 

 

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