FX.co ★ New Zealand Consumer Mood Rises from 10-Month Low

The ANZ-Roy Morgan Consumer Confidence Index experienced an uptick in September 2025, reaching 94.6, compared to August's 10-month low of 92. The index reflecting current conditions saw a notable increase of 6 points, landing at 88.1. Meanwhile, the outlook for future conditions remained stable, slightly adjusting to 99 from 98.8 in the preceding month. Household perceptions regarding personal finances exhibited improvement, climbing by 11 points to settle at -13%. However, a net 14% of respondents indicated it was not a favorable moment to purchase major household items, indicating a persistent sense of caution. Additionally, the economic outlook for the five-year horizon improved by 3 points, reaching +6, while the 12-month forecast declined by 3 points to -23%. Expectations for house prices dropped to 2.5% from 3.0%, marking the lowest level since July 2024. Meanwhile, the anticipated consumer price index (CPI) inflation over a two-year period remained steady at 4.8%.