{"id":406212,"date":"2026-05-01T05:44:10","date_gmt":"2026-05-01T05:44:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/406212\/"},"modified":"2026-05-01T05:44:10","modified_gmt":"2026-05-01T05:44:10","slug":"anz-consumer-confidence-falls-to-three-year-low-as-inflation-fears-rise","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/406212\/","title":{"rendered":"ANZ consumer confidence falls to three year low as inflation fears rise"},"content":{"rendered":"<p class=\"wrLLDwyWye\" style=\"display:none\">\u201cConcern about the broader economic outlook is also evident, and predictions of Official Cash Rate (OCR) hikes won\u2019t be helping the mood,\u201d Zollner said.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">\u201cConsumer confidence is now down around the levels prevailing in 2022-2023, not a time retailers will remember with any fondness.\u201d<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">The proportion of households thinking it\u2019s a good time to buy a major household item, the best indicator for the retail sector, fell 11 points to -25, the lowest recording for the measure since September 2024.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">Zollner said it was too soon for the oil shock to have had a meaningful impact on household incomes.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">She said a sharp fall in people\u2019s perceptions of their current financial situation is related to their outgoings \u2013 and presented a clear downside risk for retailers.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">The current conditions index fell from 83.1 to 71.9, the lowest since October 2023, while the future conditions index fell from 96.7 to 85.9, the lowest in two years.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">Perceptions of current personal financial situations also fell, dropping 11 points from -20% to -31%, the weakest recording for the measure since mid-2008.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">A net 3% of respondents expected to be better off this time next year, falling seven points.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">Perceptions of the economic outlook for the next 12 months was no better, falling another 23 points to -48%, the lowest in three years. The five-year-ahead measure also fell, down two points to +3%.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">House price inflation expectations also fell, down from 3.8% to 3.2%.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">Zollner said consumer inflation expectations are not the Reserve Bank\u2019s focus, given that they don\u2019t set prices.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">However, she said the gap between consumer inflation expectations of 6.6% and firms\u2019 wage expectations of 2.5% is widening.<\/p>\n<p class=\"wrLLDwyWye\" style=\"display:none\">Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cConcern about the broader economic outlook is also evident, and predictions of Official Cash Rate (OCR) hikes won\u2019t&hellip;\n","protected":false},"author":2,"featured_media":406213,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[12465,38952,806,138,2950,3311,537,2837,219,15980,15248,28164,13989,1644,1437,1943,807,685,25449,17576,112116,11212,111,139,69,60910,2730,1436,7812,33397,165,1529,71162,61,379],"class_list":["post-406212","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-anz","tag-anzroy","tag-as","tag-business","tag-confidence","tag-consumer","tag-crisis","tag-during","tag-economy","tag-fallen","tag-falls","tag-fears","tag-fell","tag-financial","tag-global","tag-inflation","tag-kiwis","tag-last","tag-level","tag-low","tag-measure","tag-morgan","tag-new-zealand","tag-newzealand","tag-nz","tag-perception","tag-personal","tag-rise","tag-seen","tag-situation","tag-their","tag-three","tag-threeyear","tag-to","tag-year"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/406212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=406212"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/406212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/406213"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=406212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=406212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=406212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}