Consumer confidence remains low – Westpac

Consumer confidence remains low – Westpac
Consumer confidence remains low, according to Westpac. (Image: Getty)
Staff reporters
Westpac expects New Zealand households to pull back on spending in the coming months as consumer confidence remains low.The bank released the results of its quarterly Westpac McDermott Miller Consumer Confidence index on Tuesday.The index rose 5.4 points in the June quarter to 83.1, meaning the number of households who are pessimistic about the economy continued to outweigh optimists by a large margin (anything over 100 indicates a positive picture).“Consumer confidence has been lingering around these sorts of extremely low levels for mor...

More Retail

Listed retailers stand to gain from Trump tariffs:  Forsyth Barr
Retail

Listed retailers stand to gain from Trump tariffs: Forsyth Barr

Forsyth Barr lifted its KMD Brands target price by 10.4% after Trump tariff walkbacks.

Gregor Thompson 24 Apr 2025
Fast-food sector in 'consolidation' stage: IbisWorld
Retail

Fast-food sector in 'consolidation' stage: IbisWorld

Higher costs are helping McDonald’s and KFC grab market share.

Gregor Thompson 23 Apr 2025
ComCom clears Woolworths ready-meal deal
Retail

ComCom clears Woolworths ready-meal deal

The Commerce Commission granted clearance for Woolworths Group to acquire ready-meal manufacturer Beak & Johnston.Through facilities in New Zealand and Australia, Beak & Johnston (B&J) makes and supplies ready-to-eat meals under its brands to grocery retailers, wholesalers, and f...

Gregor Thompson 17 Apr 2025
Accent Group plans Sports Direct roll-out in NZ
Retail

Accent Group plans Sports Direct roll-out in NZ

With the help of London-listed Frasers Group, Accent Group will take on Rebel Sport.

Gregor Thompson 16 Apr 2025