NZ consumer sentiment is down a touch in recent months, but this is an outsize jump in January (its first gain in 4 months)
- Up 4.2% m/m to 126.9 (3 points from its high set in September 2017)
ANZ highlights:
Both the current and future conditions indexes increased
- The current conditions index is at the highest levels since 2007
The stabilisation in the housing market and the fact uncertainty surrounding the election has waned have perhaps cleared the path for a strong labour market to support consumer sentiment.
The Current Conditions Index rose a hefty 8.1 points to 131.3, its highest level since 2007
- The Future Conditions Index lifted 3.0 points to 124.0.
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