Search ForexCrunch

Michael Gordon, Senior Economist at Westpac, notes that New Zealand’s consumer confidence fell in June, taking it slightly below its long-run average.

Key Quotes

“The drop in confidence was widespread, and is consistent with the recent signs that the edge has come off the economy’s upturn.”

“More households say that now is a good time to buy major household items, but this may reflect an expectation of price rises rather than a greater appetite to spend.”

“Households’ inclination to save remains low.”