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New Zealand consumer confidence dropped in October, with pessimism surpassing optimism for the first time in four years despite some economic improvements.
New Zealand's consumer confidence fell to 92.4 in October, down from 94.6, with pessimists now outnumbering optimists for the first time in over four years.
Despite modest job growth, declining arrears, and rising discretionary spending, households remain cautious about big purchases and financial prospects.
Inflation expectations rose to 5.1%, and perceptions of personal finances worsened, with fewer feeling better off.
The Reserve Bank’s easing policy is slowly taking effect, but confidence continues to lag behind improving economic fundamentals.
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La confianza de los consumidores neozelandeses disminuyó en octubre, con un pesimismo que superó al optimismo por primera vez en cuatro años a pesar de algunas mejoras económicas.