ANZ-Roy Morgan Consumer Confidence in New Zealand

A monthly New Zealand consumer confidence index produced by ANZ Bank New Zealand together with the pollster Roy Morgan. Above 100 optimists outnumber pessimists; below 100 the reverse holds. It is a leading indicator of household spending.

A monthly survey of about 1,000 adults with five questions: current and one-year-ahead personal finances, the country's economy at 1 and 5 years, and whether it is a good time to buy a major household item. The index is the average of the net balances plus 100.

It is a gauge of New Zealand household spending: it anticipates retail sales and demand pressure, and the RBNZ tracks it as a leading indicator when steering monetary policy.

It is a volatile opinion survey, and the link between stated confidence and actual spending can break down for extended stretches, particularly when high inflation or interest rates weigh on sentiment.