NZ: Consumer confidence picked up in December - Westpac
|Satish Ranchhod, senior economist at Westpac, notes that New Zealand’s consumer confidence picked up again as it printed 5.6 points to 109.1 in December, shaking off its mid-year slump.
Key Quotes
“With fuel prices down and signs the housing market is firming, households are in the mood to spend heading into the Christmas shopping season. That’s been reinforced by the low level of borrowing rates.”
“December’s gains in confidence have been widespread across regions, age brackets and income groups.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.