New Zealand Consumer Confidence for August: +1.5% m/m (prior -5.1%)

ANZ's New Zealand Consumer Confidence up to 118.2 from its previous 116.4

• vs. longer run average is around 120

Two of the sub indexes improved:

• Current conditions 127.2 (from 125.8)
• Future conditions 112.2 (110.2)

ANZ comment:

• "Households are feeling relatively robust at the moment. Low interest rates are set to provide another support. A key downside risk over the year ahead is that employment indicators have deteriorated"

Yesterday we got ANZ's business confidence … which wasn't nearly so chirpy!

• New Zealand data - August Business Confidence: -52.3 (vs. prior -44.3)