|
|
Graphs Datatable Background Print Back
JUNE 2018
The Westpac : McDermott Miller NZ Consumer Confidence Index for June
2018 is 108.6
WESTPAC :
McDERMOTT MILLER
CONSUMER
CONFIDENCE SURVEY
20 June 2018
Excerpt for Joint Westpac: McDermott Miller
MEDIA
RELEASE
“New Zealand
household consumer confidence fell a little this June quarter (down 2.6 Index
points) on the Westpac : McDermott Miller Consumer Confidence Index, but is
still firmly optimistic at 108.6”, announced Richard Miller, Managing Director
of McDermott Miller Limited.
“The slight fall in
optimism spreads almost across the board of consumer categories” observed
Richard Miller. “Consumers with
household incomes of $30,000 to $50,000 are the notable exception. Their confidence rose 3.1 points to 109.0 on
the Consumer Confidence Index. “ It appears that the Coalition Government’s
emphasis on improving the financial conditions of households on lower incomes
has given this segment of consumers, in particular, hope for the future”.
“Prevailing consumer
optimism may point to increased consumer spending in the quarter ahead”,
suggested Richard Miller. “Once again, there is an increase in the number of
survey respondents believing now is a good time to buy ‘big ticket’ items” he
concluded.
<ENDS>
20 June
2018
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 June 2018. 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.
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.