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Consumer confidence blips up in Roy Morgan survey
Consumer confidence blipped up in mid January, a survey by Roy Morgan has found. Confidence about buying a major household item rose to its highest level since March last year as the benefits of lower petrol prices, lower interest rates, tax cuts and deep sales discounts flowed through to consumer sentiment.
The Roy Morgan index rose 3.6 points to 103.7, which was above the 99.9 average for 2008, but well below the 121.2 seen at this time a year ago.
The survey found 48% (up 6%) of New Zealanders believed now was a "˜good time to buy' major household items, while 39% (down 5%) said now was a "˜bad time to buy' major household items. It found 38% (down 4%) of respondents said their family was financially "˜worse off' than a year ago, while 31% (up 3%) said that their family was "˜better off' financially than a year ago.
Respondents said they were positive about their family's financial position, with 50% (unchanged) expecting their family to be "˜better off' financially in a year's time, while 22% (down 1%) expected to be "˜worse off' financially in a year's time.
* This article was first published in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.
5 Comments
'as the benefits of lower
'as the benefits of lower petrol prices,' - that may well be in reversal - petrol up another 6c today, making a 26c rise in just over 3 weeks - thats an approximately 30% reversal of the falls from peak in VERY rapid order. I am very impressed how this surge is being cunningly ignored by commentators and economists. There is probably another 5c to come pretty pronto, and thats IF Tapis stabilises.
ahhhh the joys of a sinking currency................slash away Mr B, by the time you have got the currency down to 45c:$1US we will be paying nearly $2 at the pumps again. What a great economic stimulus that will be.
This is an interesting survey.
This is an interesting survey. People aren't doing what now most experts are telling us save money- a big why ??
Economical and political we are very much depending on other countries. On the other hand the geographic isolation of NZ makes us Kiwis a special and confident bunch of people.
The change of a tsunami is small and hits other countries only- so why bother?
I for myself can't think that way- but we are all different.
Developing quality niche- markets for NZ - please read: http://www.iht.com/articles/2008/11/17/arts/design17.php
Roy Morgan type of surveys
Roy Morgan type of surveys are not worth the news. This survey is based on a samll sample. The jargons such a sthe margin of error etc are not meaningful when the sample is unrepresentative. Most of the election polls reported by the same source are just intended to create sensational news rather than make substance.
Blip up, crash down. @
Blip up, crash down.
@ Kunz, should be a great time for the "value added" component of the payout then.
Well, there is money everywhere.
Well, there is money everywhere. Some could rescue the world and NZ from disaster - at least our economy.
According to the 2008 World Wealth Report, more people are living the good life than ever before. There are 22,000 New Zealand millionaires "“ and most of them are self-made. This year's NBR Rich List found our top 178 wealthiest people are worth a total of $44.4 billion, compared with $38.6 billion in 2007. If more people are getting richer than ever, why shouldn't you be one of them?
http://www.forbes.com/2007/03/07/billionaires-worlds-richest_07billionai...
Give them a call.