New Zealand July consumer confidence 87.9 (prior 83.2)

[forex4you]

New Zealand July consumer confidence 87.9 (prior 83.2)

ANZ Roy Morgan Consumer Confidence for July 2024 in NZ. Improved to 87.9 in July:

• from June's 83.2
• still at low levels

The ANZ-Roy Morgan consumer confidence index above 100 shows
optimism, while below that indicates pessimism.

As part of the survey is a question on inflation expectations. These fell to 3.7%, the lowest since September 2020.

ANZ comments:

• light at the end of the tunnel is getting a little brighter
• last month brought a decent fall in CPI inflation, a general expectation that the RBNZ will cut the official cash rate earlier than previously expected, and even drops in fixed mortgage rates

                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: New Zealand July consumer confidence 87.9 (prior 83.2)

forexlive.com