NZ: Consumer confidence picked up in December - Westpac

Sandeep Kanihama FXStreet Contributor

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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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