Westpac/
– Consumer confidence has continued to fall,
and there are now more New Zealanders
who are pessimistic about the economic
environment than there are those who
are optimistic.
– Among the factors that are likely to be
weighing on consumer sentiment are rising
mortgage rates, as well as ongoing concerns
about Covid and its variants.
– Many households have reported that their
financial position has deteriorated over the
past year, and a growing number expect their
finances will come under pressure in the
new year.
– While there was a modest increase in
Auckland following the easing in lockdown
conditions, most other regions recorded
sharp falls in consumer confidence
this quarter.
– Consumer confidence has continued to fall,
and there are now more New Zealanders
who are pessimistic about the economic
environment than there are those who
are optimistic.
– Among the factors that are likely to be
weighing on consumer sentiment are rising
mortgage rates, as well as ongoing concerns
about Covid and its variants.
– Many households have reported that their
financial position has deteriorated over the
past year, and a growing number expect their
finances will come under pressure in the
new year.
– While there was a modest increase in
Auckland following the easing in lockdown
conditions, most other regions recorded
sharp falls in consumer confidence
this quarter.
Comment