Consumer Confidence Survey

New Zealand consumer confidence fell to 80.4 in the June 2026 quarter, marking the lowest reading since 2023 due to increased living costs and geopolitical tensions. Despite this, potential easing in oil prices may offer a path toward future recovery.

Key Takeaways

• 1.Consumer confidence dropped 14.3 points to 80.4, the lowest level since 2023, driven by Middle East conflict-related cost increases.
• 2.Households are significantly more pessimistic about their personal finances and the broader economy, with net 32% expecting economic conditions to weaken.
• 3.Discretionary spending, particularly on hospitality and dining out, has reached its weakest level since 1991.

Table of Contents

• Summary
• Consumer Confidence Indices
• Household finances
• Spending appetites
• Regional confidence
• Technical details

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