New Zealand: Consumer confidence rebounds in October
The ANZ-Roy Morgan consumer confidence indicator jumped to 118.4 in October (September: 113.9), moving further away from the 100-threshold that separates optimism from pessimism among consumers and printing the best result in four months.
Consumers had better assessments about their current financial situation compared to one year ago, and they also grew more optimistic about their future personal finances. Moreover, their expectations on next year’s economic outlook and on the five-year general economic outlook improved. On the other hand, less consumers thought it was a good time to buy major household item.