New Zealand consumer confidence weakened in the first quarter of 2026, with the Westpac Consumer Sentiment Index easing to 94.7 from 96.5 in the previous quarter. The latest reading, updated on 17 March 2026, marks a further move below the 100-point level that separates pessimism from optimism.
The prior figure of 96.5 was recorded in the fourth quarter of 2025, indicating that households were already cautious heading into the new year. The Q1 2026 decline suggests sentiment has deteriorated slightly further, potentially signaling softer consumer spending intentions in the near term.
While the shift is modest, the continued sub-100 readings underscore lingering concerns among New Zealand consumers about economic conditions. Markets and policymakers are likely to watch subsequent releases closely for signs of either stabilisation or a deeper downturn in household confidence.
