New Zealand consumer confidence rises in ANZ-Roy Morgan survey, with economic outlook for next 12 months at -32%.
New Zealand consumer confidence rises as ANZ-Roy Morgan survey shows a 7-point increase in economic outlook for the next 12 months to -32%. The 5-year-ahead measure also sees a 7-point increase to -1%. Despite a tough retail environment and house price inflation expectations falling from 3.4% to 2.4% year-over-year, optimism is gradually emerging amid expectations of RBNZ cutting the official cash rate and falling consumer price inflation (CPI).
July 25, 2024
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