BNZ-Nine Rewards Consumer Trends Survey

BNZ-Nine Rewards Consumer Trends Survey

Consumer spending intentions in late-June were broadly consistent with a month earlier with above average spending levels planned.

A net 29% of the 523 respondents in our monthly BNZ-Nine Rewards Consumer Trends Survey expect the economy to be better in a year’s time, a net 8% expect to spend more than usual in the coming month, a net 44% are planning an overseas holiday, but a net 49% plan cutting their debt levels. The survey tells us that although people have a positive outlook and, as theory would suggest, plan boosting their spending, there is little intention to fund that spending by increasing debt levels to any great degree.

There is also little evidence that people are banking on large house price gains to fund their higher spending. While only 31 of the 523 respondents feel that house prices will fall in the coming year, the average price gain expectation is just 4.3%.

The survey is made possible by Nine Rewards, an online market research panel of over 60,000 people in New Zealand. www.ninerewards.co.nz
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