New Zealand Westpac Q2 Consumer Confidence
- 113.0 (prior 117.4)
- at its lowest since Q1 of 2013
Comments from Westpac:
- Drop isn't surprising given the steady drumbeat of bad news around the dairy sector
- Attitudes to spending remain positive, consumers not "battening down the hatches just yet"
- Confidence may fall further as farm cash flows fall, & weaker NZ dollar makes imported goods more expensive
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I can't believe there is so much focus on the EUR and Greece when we've got NZ Q2 consumer confidence unleashed on the market!!!
Oh ... OK then... I can :-D
