Consumer confidence showing 'whiff of optimism', ANZ says

Now is not a good time for big purchases, consumers say.

Fri, 01 Dec 2023

Consumer confidence rose slightly in November but remains “very subdued”, with inflation expectations much higher than they were pre-covid, ANZ says.ANZ Roy Morgan's monthly survey, comprised of about 1000 interviews, showed consumer confidence rose 4 points to 91.9. By comparison, confidence was sitting slightly above 120 pre-covid.ANZ senior economist Miles Workman said the survey was a mixed bag for the Reserve Bank of NZ (RBNZ), but it had "a distinct whiff of optimism" that the worst may be over.'Extreme...

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