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New Zealand Consumer Confidence February 2020

New Zealand: Consumer confidence little changed in February

The ANZ-Roy Morgan consumer confidence indicator dipped to 122.1 in February from January’s 122.7, nonetheless remaining comfortably above the 100-threshold that separates optimism from pessimism among consumers.

Far fewer households thought it was a good time to buy major household items. Moreover, consumers’ expectations on next year’s general economic outlook deteriorated substantially. On the other hand, they had a better assessment about their current financial situation compared to one year ago and their five-year general economic outlook improved markedly. Furthermore, consumers’ expectations over their future personal finances got rosier.

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