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June 2017
The Westpac : McDermott Miller NZ Consumer Confidence Index for
June 2017 is 113.4
WESTPAC : McDERMOTT MILLER
CONSUMER CONFIDENCE SURVEY
“New Zealand consumer confidence consolidated
in the June quarter”, announced Richard Miller, Managing Director of Strategy
and Economics Consultancy, McDermott Miller Limited. “The Westpac:McDermott
Miller Consumer Confidence Index lifted to 113.4, 1.5 points above the March
quarter and 7.4 points up on the June 2016 quarter” he said.
“Consumers are beginning to feel more secure
financially, and a growing number expect to be better off in a year’s time”,
noted Miller.
“The lift in confidence stems largely from
growing optimism that there will be "good economic times in the year
ahead." A growing number of
consumers in secondary centres and rural New Zealand believe the improving
global economic conditions will result in better export prospects in the
primary sector and tourism. Metropolitan
consumers also expect better economic conditions in the year ahead, with
growing and new industries, but this sentiment is muted by concern over housing
shortages and infrastructure challenges”, observed Miller.
“There is general recognition among consumers
that effective government economic policies and fiscal restraint are
fundamental to realisation of "good economic times" over the year
ahead. Large household retail and
leisure spend-ups are not intimated by this June quarter Westpac:McDermott Miller Consumer Confidence Survey”,
concluded Richard Miller.
ENDS
20 June
2017
Richard Miller, Managing Director
McDermott
Miller Limited
Tel: 04 471 8500
Mobile: 027 451 0158
The Consumer Confidence Index is based on a survey of
a representative sample of 1555 New Zealand households interviewed
during 1-11 June 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.