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flag New Zealand consumer confidence dropped in October, with pessimism surpassing optimism for the first time in four years despite some economic improvements.

flag 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. flag Despite modest job growth, declining arrears, and rising discretionary spending, households remain cautious about big purchases and financial prospects. flag Inflation expectations rose to 5.1%, and perceptions of personal finances worsened, with fewer feeling better off. flag The Reserve Bank’s easing policy is slowly taking effect, but confidence continues to lag behind improving economic fundamentals.

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