New Zealand - ANZ Consumer Confidence Index for September -0.2% m/m (prior -3.9%)

Author: Eamonn Sheridan | Category: News

The index falls to 100.0 from 100.2 in August. 

ANZ comments:
  • initial bounce out of lockdown has given way to wariness consistent with subdued spending
  • Fiscal support has been crucial but needs to be wound back, and households are clearly concerned about the economic damage that will become evident as that occurs. The economy has a large hole looming where summer tourism income used to be. We're poorer for a while, and need to consume a bit less

 more to come  
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