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 sustainably lower."
Earlier from New Zealand:
