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Westpac Consumer Confidence: A little less glum, but still gloomy
Consumer confidence remains in the doldrums. Despite rising by 5.4 points in June, the Westpac McDermott Miller Consumer Confidence Index is still only sitting at 83.1. That’s well below average and signals that the number of New Zealand households who are pessimistic about the economic environment continues to outweigh those who are optimistic by a wide margin. Consumer confidence has been lingering around these sorts of extremely low levels for more than a year now, with confidence weak across all age groups and income brackets. The major factor that is continuing to worry New Zealand households are financial ... (full story)