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NZ consumer confidence up 5.6 points to 109.1 in December
Through the middle part of this year, there was a notable loss of optimism in the New Zealand economy. But with summer finally here and holiday celebrations already underway in many parts of the country, households are now shaking off those winter blues. That’s been reflected in the latest Westpac-McDermott Miller Consumer Confidence Index which rose by 5.6 points to 109.1 in December. That increase completely reversed the sharp drop we saw last quarter, and leaves consumer confidence just a little below its long run average. The past few months have seen a couple of big developments that have helped to boost ... (full story)