New Zealand ANZ consumer confidence index for October, -3.4% to 123.4

  • prior was +1.8% to 127.7

–

  • 12-month low
  • ANZ say, though, its still above long-term average of 118.8
  • Current conditions index rises to 124.4 from 124.1
  • Future conditions index drops to 122.8 from 130.2
  • outlook for economy in five-year’s time fell to lowest since October 2012
  • Composite Confidence gauge (which combines both sentiment measures) is still projecting a strong economy into 2015

More from ANZ on the result:

“Undercurrents of heightened volatility abound across international financial markets, with the Ebola scare and nastiness in the Middle East to boot. Domestic candidates denting that feel-good factor include weaker commodity prices, house prices plateauing, a gravity-defying kiwi dollar, albeit somewhat plucked by the Reserve Bank”