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- New Zealand's Westpac Consumer Confidence Index down 2.6 points to 108.6 in June
New Zealand's Westpac Consumer Confidence Index down 2.6 points to 108.6 in June
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Consumer confidence fell in June, taking it slightly below its long-run average.
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The drop in confidence was widespread, and is consistent with the recent signs that the edge has come off the economy's upturn.
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More households say that now is a good time to buy major household items, but this may reflect an expectation of price rises rather than a greater appetite to spend.
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Households' inclination to save remains low.
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