New Zealand data – March consumer confidence plunges to 86.4 (prior 94.5)

From New Zealand comes the ANZ-Roy Morgan Consumer Confidence Index for March 2024

86.4

• prior 94.5

The recession in New Zealand obviously weighing.

ANZ comments:

• net 24% think it is a bad time to buy a major household
  item, down 6 percentage points, bringing to an end a steady run
  of improvement
• “News that the economy re-entered recession in the second
  half of last year appears to have hit consumer confidence hard”

—

A reading above 100 shows optimism, while
below that indicates pessimism.

Auckland New Zealand

This article was written by Eamonn Sheridan at www.forexlive.com.