Confidence wanes as NZ consumers worry about the future

Confidence wanes as NZ consumers worry about the future
Rebecca Howard
By Rebecca Howard Aug. 2 (BusinessDesk) - Consumer confidence took a hit in July as consumers fret about the future. The latest ANZ-Roy Morgan survey of consumer confidence fell 6 points in July to 116.4, the lowest reading so far this year and below the historic average of 120.0. Perceptions of current conditions fell 2 points to 125.8 while the future conditions index fell 9 points to 110.2, the lowest level since September 2015. A net 39 percent think it's a good time to buy a major household item, down one point from the prior s...

More Retail

Onehunga businesses attack own association on $1m targeted rate
Retail

Onehunga businesses attack own association on $1m targeted rate

Onehunga businesses push back on the $1m rate and seek an inquiry.

Garth Bray 02 May 2025
Online sales drive Woolworths NZ Q3 sales growth
Retail

Online sales drive Woolworths NZ Q3 sales growth

Increasing customer preferences towards online purchasing are helping Woolworths boost New Zealand sales.The Australian grocery retailer told the Australian Securities Exchange (ASX) on Thursday that total NZ sales increased 4.8% to $2.19 billion in the three months to April 6, c...

Staff reporters 01 May 2025
British American Tobacco’s NZ profits rise 14.5%
Retail

British American Tobacco’s NZ profits rise 14.5%

The New Zealand subsidiary of British American Tobacco (BAT) increased sales and gross profit in 2024.In consolidated financial statements filed with the Companies Office, BAT Holdings reported that net profit after tax grew 14.5% to $45.6 million in the year to Dec 31. BAT's...

Staff reporters 30 Apr 2025
Bells toll for old Eftpos machines
Retail

Bells toll for old Eftpos machines

Retailers using Eftpos machines with outdated security standards have been warned that they have one year to upgrade or face disconnection from the network.Merchants were told in 2017 that April 30, 2026, was the deadline to upgrade from the PCI 4.x security standard. The devices...

Staff reporters 29 Apr 2025