New Zealand consumer confidence weakened in August, survey data from ANZ showed on Friday.
The ANZ-Roy Morgan consumer confidence index fell to 100.2 in August from 104.3 in July.
The current conditions index dropped to 99.2 and the future conditions index decreased to 100.9.
Consumers’ perceptions of their current financial situation declined 1 points to a net 1 percent. A net 27 percent of consumers expect to be better off financially this time next year, but was down 4 points.
The consumers thought it as a bad time to make major purchases fell 3 points to 3 percent.
Perceptions regarding the next year’s economic outlook fell 7 point to a net -41 percent. Meanwhile, the five-year outlook fell 5 points to +17 percent.
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