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New Zealand data - December consumer confidence -8.6% m/m (prior -5.5%)

New Zealand data - December consumer confidence -8.6% m/m (prior -5.5%)

ANZ Consumer Confidence Index for December slumps further. To its lowest ever.

  • December at 73.8 from November's 80.7

ANZ remarks:

  • The RBNZ came out guns blazing in the November MPS, signalling further aggressive OCR hikes in 2023 and a technical recession. That’s clearly spooked the horses, but it’s not yet clear exactly how far they have bolted. All eyes are now on the degree of follow-through from businesses reporting negative employment intentions, and co... Read More
Posted: Dec 20 2022, 21:01
Author Name: forexlive
Views: 110757

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