Confidence within the Canterbury region has held up, according to the latest ANZ-Roy Morgan Consumer Confidence survey.Overall consumer confidence was unchanged in September in the survey. The index of 116.4 in September compared to 116.3 in August. The c
Confidence within the Canterbury region has held up, according to the latest ANZ-Roy Morgan Consumer Confidence survey.
Overall consumer confidence was unchanged in September in the survey. The index of 116.4 in September compared to 116.3 in August. The current conditions index eased to 102.9 from 103.7.
When seasonal influences were removed, consumer confidence showed a three point drop in headline confidence and similar declines in the current and future conditions components.
"Consumer confidence in the Canterbury region remained resilient to seismic events. Rather, it was Wellington who showed the most notable drop in consumer confidence," the survey's authors said.
Canterbury was struck by a magnitude 7.1 earthquake on September 4.
While headline confidence within the Canterbury region is slightly below the national figure, at 113.9 versus 116.4, consumer confidence in the Canterbury region rose two points underpinned by buoyant views in regards to both current conditions and the future.
"In contrast, consumer confidence within the Wellington region showed a material fall, and this was widespread across all of the five questions," the report said.
The largest drop was with regard to whether it was a good time to buy a major household item, which dropped 20 points to plus 12.
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