27.03.202521:07:49UTC+00New Zealand Consumer Sentiment Eases in March

The ANZ-Roy Morgan Consumer Confidence Index dipped to 93.2 in March, continuing its challenges in achieving a consistent upward trajectory despite a minor positive trend. The "good time to buy a major household item" metric, a significant measure of retail sentiment, decreased by one point to -16, indicating weakened consumer confidence. Inflation expectations increased by 0.2 percentage points to 4.2%, marking the first time since June 2024 that they have exceeded the 4% threshold. The future conditions index fell by two points, while the current conditions index experienced a more pronounced drop of five points, highlighting negative views on personal finances. Notably, individuals with mortgages have shown a greater willingness to spend, diverging from typical patterns, which may suggest latent demand among retailers. Despite these varied indicators, with rising inflation expectations and persistently weak economic data, it is evident that consumers are cautious and are awaiting more tangible improvements in labor and housing markets.