FX.co ★ New Zealand Consumer Confidence at 5-Month High

In November 2025, the ANZ-Roy Morgan Consumer Confidence Index (CCI) increased to 98.4, marking a rise from October’s figure of 92.4 and reaching the highest level since June. The index reflecting current conditions remained relatively stable at 86.0, whereas future conditions showed improvement, climbing to 106.8 from October’s 97.0. Household assessments of personal finances declined by four points to minus 19 percent. However, a net 21 percent of participants foresee a better financial situation by this time next year, an improvement of 12 points from the previous month. Opinions on the wider economy were varied, with the five-year outlook gaining five points to reach a positive nine percent, and the 12-month outlook improving by 13 points to minus nine percent. Expectations for house prices increased from 3.1 percent to 3.8 percent. Additionally, the two-year forward consumer price index (CPI) inflation expectations edged up from 5.1 percent to 5.2 percent. The latest CCI also noted a slight decrease in the proportion of people reporting they feel worse off than they did a year ago, while lower interest rates are starting to bolster the growth outlook.