Satish Ranchhod, senior economist at Westpac, notes that New Zealand’s consumer confidence picked up again as it printed 5.6 points to 109.1 in December, shaking off its mid-year slump.
Key Quotes
“With fuel prices down and signs the housing market is firming, households are in the mood to spend heading into the Christmas shopping season. That’s been reinforced by the low level of borrowing rates.”
“December’s gains in confidence have been widespread across regions, age brackets and income groups.”
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