The November result showed encouraging signs, with the headline index around its long run average and the Future conditions component at its strongest in 6 months
Comes in at 121.9, up 2.8% on the month
- November was also +2.8% m/m to 118.6
The December result is its best since March 2018.
- futures conditions component higher again, as is the current conditions
ANZ remarks:
- confidence composite gauge (combines business expectations and intentions with overall consumer sentiment) … continues to suggest momentum in the economy is set to slow
- We see growth holding up in a 2½-3% range for the foreseeable future
- consumption … supported by a strong labour market but capped by high household debt
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NZD is little changed on the print, this is not a higher tier data release but nevertheless it does provide info for your 'NZ economy' file!
