New Zealand's consumer confidence upbeat in January

Ivan Delgado Independent Analyst

FXStreet (Bali) - New Zealand's ANZ Roy Morgan consumer confidence index for January came at +1.9% vs +3.9%, from 126.5 in December to 128.9 in January, with sentiment improving to its highest level since July 2014.

Views from Steve Edwards, Economist at ANZ

"Households have enjoyed a stunning summer and this has left a tan line on consumer sentiment."

"Adjusting for the summertime effect, the seasonally adjusted level of consumer confidence recorded a modest slip, slop, slap down."

"Levels of confidence remain elevated and households are still optimistic over the future, suggesting that the domestic expansion has more legs."

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

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