New Zealand: Consumer confidence takes a hit in September
The ANZ-Roy Morgan consumer confidence indicator fell to 113.9 in September (August: 118.2), moving closer to the 100-point threshold that separates optimism from pessimism among consumers and printing the worst result in four years.
Consumers had worse assessments about their current financial situation compared to one year ago, and they also grew less optimistic about their future personal finances. Moreover, their expectations on next year’s economic outlook and on the five-year general economic outlook plunged.