NZ data, May 2019 consumer sentiment, ANZ survey. Down 3.2% on the month to 119.3 and at a 6 month low.
- prior +1.1% m/m to 123.2
At 119.3 sitting just under the long run average of 120.
ANZ comments:
- confidence holding up pretty well in the face of housing market softness in Auckland and Christchurch & more broadly cooling economy
- likely reflecting strong jobs market & lower mortgage rates
more to come
