Consumer confidence at 11-year low - could be worse: Westpac

Consumer confidence at 11-year low - could be worse: Westpac
Rebecca Howard
Consumer confidence hit its lowest level since 2009 in the June quarter but the decline was moderate compared to other downturns. “This relative resilience in consumer confidence adds to other signs that the economic fallout from covid-19 may not be quite as severe as we first feared,” said Westpac New Zealand chief economist Dominick Stephens. The Westpac McDermott-Miller consumer confidence index fell 7 points in June, taking it to 97.2, the lowest level since the global financial crisis. The present conditions index fell 9.3 points to...

More Economy

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025
S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025