New Zealand Consumer Confidence

Last Release

Mar 31, 2025

Actual

89.2

Units In

Points

97.5

Frequency

Quarterly

Next Release

Jun 19, 2025

Time to Release

2 Months 30 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
130.9 Jun 1994	75.6 Dec 2022	108.39 Points	1988-2025	WESTPAC

In New Zealand, the Westpac McDermott Miller Consumer Confidence Index measures the level of optimism that consumers have about the performance of the economy. The Consumer Confidence Index is calculated from percentage response to five internationally standardized questions covering consumers' personal financial circumstances, national economic expectations and attitudes to major purchases. It is 100 plus the average of the difference between positive answers and negative responses. A score above 100 shows more optimism than pessimism while a score below 100 denotes more pessimism. .

Latest Updates

The Westpac McDermott Miller Consumer Confidence Index in New Zealand dropped to 89.2 in the first quarter of 2025, down from 97.5 in the prior period, marking the lowest level since Q2 of 2024. The latest reading was weighed down by escalating trade tensions, ongoing cost-of-living pressures, and volatility in the financial markets. Most households were still struggling with financial pressures from the cost-of-living crisis, with increasing bills for food, insurance, and rates. Meanwhile, a sharp increase was recorded in the number of people who think it's a bad time to buy a big-ticket item. Confidence was low across the country, but no region was lower than Wellington. On the other hand, the South Island was higher, boosted by rises in commodity prices and international tourism.