Black consumer confidence clouds for Black Friday

Fri, 27 Nov 2020

Black Friday sales may not go as well as expected with a consumer confidence index easing two points in November to 106.9 and still below its historical average of 120, although inflation expectations are picking up.“The key retail spending indicator in the survey is still very weak, suggesting the sharp overshoot in retail sales seen in (the September quarter) is likely to fade relatively quickly. But inflation expectations are the highest in 10 years,” said chief economist Sharon Zollner.The ANZ-Roy Morgan NZ consumer confidence s...

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