NZ data - November consumer confidence +2.8% m/m (prior -1.9%)

ANZ survey on New Zealand consumer confidence, comes in at 118.6

• prior 115.4

Yesterday we got business (lack of) confidence data from NZ, another poor showing:

• NZ November business confidence is unchanged from October

Back to this data:

• consumer confidence up 4 points, now straddling longer run average levels
• Perceptions of current conditions eased
• Future conditions index bounced back (strongest level in six months)