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Community Scoop » Has The New Zealand Economy Shaken Off COVID-19 Blues?
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New Zealand consumer confidence slips in first quarter
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The exception was the tourism sector, due to the closure of international borders. Westpac said that while job opportunities were improving, earnings growth remained soft. Respondents reported a sharp drop in past earnings since June, and there was only a small pickup in December. ‘’Expected earnings growth over the year ahead rose, but it remains near its historic lows.’’ Confidence amongst employees in the private sector rose significantly since September but remained pessimistic at 96.6, up 12.9 points. Public sector employees were cautiously optimistic at 100.3, up 4.3 points. There was also slightly less confidence among young people (18 to 29 years), where sentiment fell 3.2 points to 95.
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