ANZ survey: ‘The worst will soon be past’

Consumers were more optimistic in July. (Image: NZME)

Fri, 26 Jul 2024

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the here and now,” ANZ chief economist Sharon Zollner said.Consumer confidence rose 5 points in July.The future conditions index, made up of forward-looking questions, rose 9 points from 87.0 to 95.7, in contrast to the current conditions inde...

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