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NZ consumer confidence drops in Q3, high by historical standards

FXStreet (Bali) - New Zealand consumer confidence, published by Westpac, fell in the third quarter to 116.7 vs 121.2, although it remains elevated by historical standards.

As Westpac notes: "There has been a notable deterioration in consumers’ view of the economic outlook over the year ahead, but little change to their longer term view."

"There were widespread modest declines in other key measures of confidence, consistent with a slower pace of growth in the economy over recent months", Westpac added.

Correction: New Zealand Westpac consumer survey comes at 116.7 in Q3 vs 121.2 in Q2

New Zealand Westpac consumer survey comes at 116.7 in Q3 vs 121.2 in Q2
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