ANZ-Roy Morgan New Zealand Consumer Confidence lifted 1.4 points in July to 81.9, still very low. Inflation expectations eased from 5.6% to 4.9%, the lowest rate in a year. That’s a win, as it shows monetary tightening is gaining traction.
ANZ-Roy Morgan Consumer Confidence dropped 1.2 points to 89.3 this week, a fourth straight weekly drop and is now at its lowest since August 15/16, 2020 (88.6) nearly two years ago. This is the longest series of declines in the index since that same month when Consumer Confidence dropped for seven straight weeks in June – August 2020.