New Zealand Consumer Confidence Index Sees Growth in First Quarter of 2024
Tuesday, 19 March 2024, 20:14
New Zealand Consumer Confidence Data
Westpac-McDermott Miller consumer confidence index for New Zealand. In Q4 2023, it hit its highest point in two years and continued to rise in Q1 2024. Although still below the long-run average, the current reading of 93.2 reflects an upward trend in consumer sentiment.
Positive Outlook
- Optimism: The ongoing increase suggests optimism among consumers.
- Promising Trajectory: The rise indicates a positive economic sentiment despite being under the long-run average.
- This update highlights willingness for collaboration between China and New Zealand in enhancing the Free Trade Agreement.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.