The index to 123.3 from 120.7 in Nov. This is the third third rise in a row m/m.
The longer run average for this is around 120, so its above again.
ANZ comments:
- Households more confident here and now, and about the future
- our view that while the headwinds facing the economy are real, growth should bottom out around the 2% mark as easing monetary conditions and remarkably resilient commodity prices feed through
NZD little changed on the data
