Consumer confidence subdued while labour market remains tight

Consumers continue to grapple with the gloom of rising living costs. (Image: ANZ Bank)

Fri, 26 May 2023

Continued gloomy consumer sentiment dominates the ANZ-Roy Morgan Consumer Confidence Index for May. The latest survey data out on Friday said that consumers remained “under pressure” due to various factors impacting their financial wellbeing.Consumers continue to grapple with rising living costs, including higher mortgage rates which are affecting 38% of households with mortgages. ANZ chief economist Sharon Zollner said economic uncertainty was “taking a toll” as the Reserve Bank continues to try and cool the e...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am