Roy Morgan New Zealand July Update
In July Labour/Greens now just ahead of National but New Zealand First again in the ‘box seat’
ANZ-Roy Morgan New Zealand Consumer Confidence down slightly in July to 125.4
In July Labour/Greens now just ahead of
National but New Zealand First again in the ‘box
seat’
In July Labour/Greens now just ahead of
National but New Zealand First again in the ‘box
seat’
In July New Zealand’s
opposition Labour/Greens has jumped 4.5% to 44% now just
ahead of incumbent National on 43% (down 3.5%) following the
scandal involving National MP Todd Barclay. However, in New
Zealand’s September election the issues of Poverty,
Housing and Homelessness and Inequality will be critical to
the outcome.
The overall
support for the governing National-led coalition was down
3.5% to 45.5% with National support down 3.5% to 43% while
support for their Coalition partners was unchanged with
Maori Party on 1.5%, Act NZ on 1% and United Future on
0%.
Support for a potential Labour/Greens alliance
was up 4.5% to 44% driven by the 5% rise in support for
Labour, now on 30.5%, while support for the Greens was down
0.5% to 13.5%. Support for New Zealand First was down 1% to
8%.
Support for the parties currently outside
Parliament was unchanged at 2.5%.
New Zealand Roy
Morgan Government Confidence Rating up in
July
The Roy Morgan Government
Confidence Rating has increased 5pts to 139.5pts in July
with 63% of NZ electors (up 1.5%) saying NZ is ‘heading in
the right direction’ cf. 23.5% of NZ electors (down 3.5%)
that say New Zealand is ‘heading in the wrong
direction’.
Gary Morgan, Executive Chairman of
Roy Morgan Research, says this year’s New Zealand Election
is on a knife’s edge and New Zealand First are likely to
decide the
Government:
“New
Zealand’s Election in two months is now too close to call
with governing National falling to 43% in July (down 3.5%)
now just behind a potential Labour/Greens alliance on 44%
(up 4.5%). This month’s tight result means New Zealand
First with 8% support (down 1%), led by maverick MP Winston
Peters, are once again in the box seat to determine which
parties form Government.
“The drop in
support for National follows the scandal involving National
MP Todd Barclay – forced to step down as a candidate at
the forthcoming election after it emerged he had secretly
recorded staffers in his office. Questions have been raised
about Prime Minister Bill English’s leadership given his
handling of the situation.
“The open
squabbling this week between potential governing partners
the Greens and New Zealand First after Greens MP Barry
Coates suggested the Greens would find a Labour-New Zealand
First Government ‘unacceptable’ and potentially force a
new election shows the instability that may await New
Zealand in the wake of a close election result. Coates’
comments also strengthen National’s negotiating hand with
New Zealand First.
“In contrast to the
political gamesmanship in Wellington, New Zealanders
aren’t interested in the political intrigue and a recent
Roy Morgan New Zealand Issues survey shows Economic issues,
including Poverty and the gap between rich and poor,
mentioned by 26.7% of New Zealanders, House prices and
Housing affordability (13.7%) and Housing shortages and
Homelessness (9.6%) are the major issues voters want the
parties to address to win their
votes.”
ANZ-Roy Morgan New
Zealand Consumer Confidence down slightly in July to
125.4
ANZ-Roy Morgan New Zealand Consumer Confidence
down slightly in July to 125.4
SUMMARY
Consumer
sentiment eased in July, but remains at a strong level
overall.
Once we adjusted for seasonality, confidence
lifted to the highest level since September
2014.
Both point to a healthy pace of spending-based
activity.
House price expectations cooled further,
especially in Auckland.
Consumer sentiment still
had a spring in its step in July.
The ANZ-Roy Morgan Consumer Confidence Index eased from
127.8 to 125.4; that’s still the second highest result in
the past five months. It also remains well above its
long-run average of 119. Once we adjust for the seasonality
at this time of year as the cooler months often bring the
same for sentiment, the index rose one point to its highest
level since September 2014.
In terms of
the details, the Current Conditions Index fell 4
points to 124.9 while Future Conditions dipped 1 point to
125.8. Again, the story was stronger in seasonally adjusted
terms, with current conditions only falling 2 points and
future conditions rising 3.
Consumers’ view
of their own financial position tip-toed from +14 to
+10. Views regarding their own financial situation
in 12 months’ time were little changed at +32 (+33
previously).
A net 39% believe it’s a good
time to buy a major household item. That’s down
from 45% in June but still high.
Perceptions
towards the economic outlook remain strong. Net
optimism towards the economy one year out dipped from +25 to
+23, which is neither here nor there, and when assessing the
five-year economic outlook, optimism held at +23, which is
well above the average since
2015.