New Zealand's Q2 consumer confidence fell to 82.2, and 42% of households reported worsening finances, potentially impacting the economy.

New Zealand's consumer confidence fell in Q2, dropping from 93.2 in Q1 to 82.2, according to the Westpac McDermott Miller Consumer Sentiment survey. Household finances continue to be squeezed, with 42% of households reporting their financial position deteriorating over the past year. The decline in consumer confidence may signal challenges for the New Zealand economy, as household sentiment is a crucial predictor of consumer spending.

June 17, 2024
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