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New Zealand Consumer Confidence Plummets Amid Economic Woes

9/18/2025

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Summary

Story summary

The Westpac McDermott Miller Consumer Confidence Index in New Zealand decreased to 90.9 in Q3 2025, signaling weak consumer sentiment.
Households face rising living costs and economic uncertainty, which dampen confidence despite lower borrowing costs.
Ongoing job market issues and fluctuating house prices are affecting consumer spending, according to Westpac economist Satish Ranchhod.
NZIER revised GDP growth down to 1.5% for the year ending March, anticipating a contraction in Q2.
The NZX 50 index fell 0.3% to 13,202, with most sectors declining, particularly financials and healthcare.

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Story summary

The Westpac McDermott Miller Consumer Confidence Index in New Zealand decreased to 90.9 in Q3 2025, signaling weak consumer sentiment.
Households face rising living costs and economic uncertainty, which dampen confidence despite lower borrowing costs.
Ongoing job market issues and fluctuating house prices are affecting consumer spending, according to Westpac economist Satish Ranchhod.
NZIER revised GDP growth down to 1.5% for the year ending March, anticipating a contraction in Q2.
The NZX 50 index fell 0.3% to 13,202, with most sectors declining, particularly financials and healthcare.