New Zealand data - May consumer confidence 79.2 (prior 79.3)

New Zealand ANZ Roy Morgan Consumer Confidence index from May 2023 comes in at 79.2

• April was 79.3
• a reading above 100 shows optimism, while below that indicates pessimism

ANZ comments:

• "While the labour market remains tight, conferring both a high degree of job security and strong wage growth, ongoing cost of living increases, including higher mortgage rates for the 38% of households who have a mortgage, continue to bite,"
• "Uncertainty is no doubt also taking a toll, with the Reserve Bank of New Zealand still attempting to cool the economy in order to bring inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term sustainably lower."

Earlier from New Zealand:

• Reserve Bank of New Zealand confirms it'll ease loan to value restrictions from June 1