Consumers feeling festive

Tue, 15 Dec 2020

Consumers are feeling some Christmas cheer with the Westpac McDermott Miller consumer confidence index rising 10.9 points in December to 106.That reverses the fall in confidence following the outbreak of covid-19 and related lockdown of the economy earlier this year.“New Zealand households are feeling increasingly optimistic about the economy’s trajectory as we head into the new year,” said Westpac senior economist Satish Ranchhod.Another big factor likely to have affected household confidence is the strength of the housing ma...

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