New Zealand consumer confidence drops to six-year low - survey

  • 19/09/2018

New Zealand consumer confidence has dropped to a six-year low of 103.5 in the third quarter, according to the Westpac McDermott Miller Consumer Confidence survey.

That was down from 108.6 in the previous quarter.

The drop in confidence was most acute in Auckland, where Westpac economists said the slowdown in the housing market and rising fuel prices were likely hitting households.

A reading above 100 indicates more optimists than pessimists.

Reuters