Track the NZ Westpac Consumer Sentiment to gauge financial confidence, a primary driver of consumer spending and economic activity.
Financial confidence serves as a key indicator of consumer spending, which constitutes a significant portion of total economic activity. Values exceeding 100.0 reflect optimism, while those below indicate pessimism.
What it Measures
A diffusion index level derived from consumer surveys.
Usual Effect
An 'Actual' result higher than the 'Forecast' is favorable for the currency.
Source & Frequency
Westpac Banking Corporation (latest release) - https://www.westpac.com.au/ • Released quarterly, approximately 80 days into each quarter.
How Data is Derived
Survey of about 1,500 consumers which asks respondents to rate the relative level of past and future economic conditions, including personal financial situation, climate for major purchases, and overall economic situation
Also Known As
Westpac/McDermott Miller Consumer Confidence
Acronym
N/A