NZ data - ANZ consumer confidence for September drops to a 4 year low

Down 3.6% m/m to 113.9

• prior +1.5% m/m to 118.2

ANZ not to fussed:

• don't overstate weakness in consumer sentiment
• households are still feeling pretty robust

And, more broadly:

• headwinds on economy to weigh in H2
• but fundamentals for NZ economy still decent