ANZ Roy Morgan New Zealand Consumer Confidence Index 92.4 October, well below the neutral 100 mark that separates optimism from pessimism:
- September was 94.6
ANZ comment:
- sentiment has stayed subdued even as other parts of the economy show signs of stabilising
- reluctance to spend in recent years has hit the retail sector hard
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The Reserve Bank of New Zealand cut its policy rate by 50 basis points earlier in October, taking total easing since August 2024 to 300 basis points. The Bank continues to confront a fragile economy and soft consumer demand.
