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September 2016
The Westpac : McDermott
Miller NZ Consumer Confidence Index for September 2016 is 108.0
WESTPAC : McDERMOTT MILLER
CONSUMER CONFIDENCE SURVEY
19
September 2016
Excerpt for Joint Westpac: McDermott
Miller
MEDIA RELEASE
“Consumer confidence in New Zealand strengthened a little in the September quarter, but consumers remain cautiously optimistic”, observed Richard Miller, Managing Director of McDermott Miller.
“Answers to probing
questions in the survey indicate consumers remain particularly concerned about
costs rising faster than incomes, but are hopeful that economic policies and
tax cuts will ease financial pressure on households in the year ahead,” said
Miller. “This outlook appears to underlie the sharp upturn in consumer optimism
among middle-income consumers” concluded Miller.
“Sentiment among
consumers working in the public sector is significantly more optimistic this
quarter and their level of confidence is now close to their private sector
counterparts”, noted Miller. “Greater expectation of salary increases over the
year ahead than private sector consumers, helps explain the lift. “
ENDS
19
September 2016
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 1559 New Zealand households interviewed
during 1-11 September 2016. 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.