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March 2017
The Westpac : McDermott Miller NZ Consumer Confidence Index for
March 2017 is 111.96
WESTPAC : McDERMOTT MILLER
CONSUMER CONFIDENCE SURVEY
20 March
2017
MEDIA RELEASE
“The confidence of New
Zealand household consumers fell slightly in the March 2017 Quarter, but remains
firmly optimistic”, announced Richard Miller, Managing Director. “All
categories of household consumers surveyed, with the
exception of those on annual incomes of no more than $30,000, were
gauged “optimistic” on Westpac-McDermott Miller’s survey-based index of
consumer confidence.
“Optimism has prevailed
now among New Zealand consumers continuously for some five years, or some
twenty survey quarters (back to March 2011) and it looks like continuing for
some time yet”, observed Miller. “Growing confidence of consumers in their own
household financial security and a positive outlook for the New Zealand economy
over the short and medium term, bear this out”, he suggested. “If so, we can
expect continuing positive consumer sentiment to translate into sustained
growth of retail and leisure market spending within New Zealand” concluded
Miller.
ENDS
20 March
2017
Richard Miller, Managing Director
McDermott
Miller Limited
Tel: 04 471 8500
Mobile: 027 451 0158
Index Background
The Consumer Confidence Index is based on a survey of
a representative sample of 1555 New Zealand households interviewed
during 1-11 March 2017.
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.