From New Zealand comes the ANZ-Roy Morgan Consumer Confidence Index for March 2024
86.4
prior 94.5
The recession in New Zealand obviously weighing.
ANZ comments:
net 24% think it is a bad time to buy a major household
item, down 6 percentage points, bringing to an end a steady run
of improvement”News that the economy re-entered recession in the second
half of last year appears to have hit consumer confidence hard”
—
A reading above 100 shows optimism, while
below that indicates pessimism.
Auckland New Zealand
This article was written by Eamonn Sheridan at www.forexlive.com.