Westpac McDermott Miller quarterly survey had dipped in Q4 of 2017 post-election
The result for the January to March quarter of 2018 shows an improvement to 111.2
- hospitality sector positive conditions
- households more upbeat about the economy's long-term trajectory
- number of households increased spending on entertainment & dining out at its highest in 11 years
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Little NZD impact from this, expect a bit more impact from the dairy auction later (London time!). I'll have more to come on this separately
