ANZ Consumer Confidence Index for January 2023 jumps 13% from December.

  • Comes in at 83.4 from December's 73.8

ANZ notes the index is still at a very low level. More:

  • Consumer confidence jumped 9 points in January to 83.4, more than undoing its December fall. The lift was driven by the forward-looking questions. The level is still very low.
  • The proportion of people who believe it is a good time to buy a major household item, a key retail indicator, lifted 5 points to -28%.
  • Inflation expectations were little changed at 5.3%
anz nz consumer confidence 03 February 2023