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Home Forex Trading Tips & Strategies

New Zealand data – May consumer confidence 79.2 (prior 79.3)

by Forex Tips

May 26, 2023

in Forex Trading Tips & Strategies

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Eamonn Sheridan

Eamonn Sheridan

Thursday, 25/05/2023 | 22:03 GMT-0

25/05/2023 | 22:03 GMT-0

New Zealand ANZ Roy Morgan Consumer Confidence index from May 2023 comes in at 79.2

April was 79.3
a reading above 100 shows optimism, while below that indicates pessimism

ANZ comments:

“While the labour market remains tight, conferring both a high degree of job security and strong wage growth, ongoing cost of living increases, including higher mortgage rates for the 38% of households who have a mortgage, continue to bite,”
“Uncertainty is no doubt also taking a toll, with the Reserve Bank of New Zealand still attempting to cool the economy in order to bring inflation