New Zealand: ANZ Consumer Confidence Index (October): -2.8% m/m (prior +2.9%)
Earlier from NZ today: NZ election update
ANZ citing (and noting the index is at its 3rd highest level in the past 3 years):
- weaker housing market
- Election/government policy uncertainty
Neither the softer housing market nor election uncertainty have so far dented consumer optimism, which points to an ongoing decent pace of spending and activity growth.
ANZ adds this result is 'no handbrake' on the economy
more to come
As part of this release from the bank, consumer inflation expectations
4.3%.... BRB gotta check this, sounds a bit high ... yeah, 3.5% is the correct
ANZ's monthly measure of consumer confidence in the New Zealand economy and how this affects their spending behaviour.