New Zealand ANZ Consumer Confidence Index (February): +0.6% m/m (prior +4.2%)

NZ consumer sentiment had a bug jump in January, the February move higher not quite so strongup 0.6% m/m to 127.7

  • prior up 4.2% to 126.9

ANZ summary remarks:

  • Consumers are feeling good
  • The current conditions indexes fell back from its 10-year high, but this was offset by a lift in the future conditions index
  • The strong labour market and stabilisation in the housing market are supporting consumer sentiment

Current Conditions Index

  • -4 points in February to 127.3

Future Conditions Index

  • +4 points to 128.0 … has largely unwound its post-election dip

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