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New Zealand's consumer confidence rose slightly in September, ending a 10-month decline despite lingering economic concerns.
New Zealand's consumer confidence edged up to 94.6 in September, ending a 10-month decline, though it remains below the 100 threshold indicating pessimism.
The modest recovery follows a sharp drop after weak second-quarter GDP data, which showed a 0.9% contraction.
Despite ongoing concerns, perceptions of personal finances improved, arrears are falling, and job growth is modest.
Inflation expectations stayed steady at 4.8%, driven by food prices, while house price expectations dipped to 2.5%.
The Reserve Bank of New Zealand is expected to cut rates, with a 25 basis point reduction likely on October 8, and Anna Breman set to become the new governor in December.
La confianza de los consumidores de Nueva Zelanda aumentó ligeramente en septiembre, poniendo fin a un declive de diez meses a pesar de las persistentes preocupaciones económicas.