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

Hospitality tech firm Bustle brewing up success
Retail

Hospitality tech firm Bustle brewing up success

App for cafes is steaming ahead with a plan to grow to 5000 customers in three markets.

Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.

Gregor Thompson 02 Apr 2025
Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
Are all Willis’ duopoly-breaking options really on the table?
Retail Analysis

Are all Willis’ duopoly-breaking options really on the table?

A survey of her external adviser's views suggests not.

Gregor Thompson 01 Apr 2025