FX.co ★ New Zealand Consumer Mood Rises from Near 3-Year Low

The ANZ-Roy Morgan Consumer Confidence Index rose to 86.5 in May 2026, up from 80.3 in April, when it had fallen to its lowest level since May 2023. Although the index gained 6 points over the month, it remains 21 points below its peak in January. The share of households reporting that now is a good time to purchase a major household item—a key indicator for retail demand—improved by 5 points to -20. Two-year inflation expectations eased to 5.6% from 6.6%, while expectations for house price growth fell by 0.7 percentage points to 2.6%.