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New Zealand February Consumer Confidence dropped to 79.8 from 83.4 in January

New Zealand February Consumer Confidence dropped to 79.8 from 83.4 in January

From the ANZ-Roy Morgan monthly survey. A reading above 100 shows optimism, while below that indicates pessimism.

In the survey is the question on if it is a good time to buy a major household item. The response is used as a key retail indicator. It dropped 7 points to -35% in the February survey. This is the lowest level since the COVID lockdown in 2020.

ANZ remarks:

  • "More and more households will roll over onto markedly higher mortgage rates as the year rolls on, cre... Read More
Posted: Mar 2 2023, 21:41
Author Name: forexlive
Views: 082241

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