New Zealand Q2 Westpac McDermott Miller consumer confidence data, comes in at 108.6
- Q1 was 111.2
That is a below average result, but not a huge drop.
Westpac response:
- reinforces the evidence that the edge has come off the New Zealand economy in recent times
- in response to a slowing housing market
- more of a general malaise among households, rather than specific worries about the direction the economy is heading
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Background here
