Forex News

New Zealand consumer confidence for October unchanged at 85.4 (prior 85.4)

invest on stocks

ANZ-Roy Morgan Consumer Confidence survey in New Zealand.

As part of the survey is an assessment of consumer Inflation expectations, comes in at 5.0% vs. the September survey at 5.1%

ANZ remark:

  • Currently, consumer inflation expectations sit well below business inflation
    expectations. This is a pretty unusual state of affairs, as figure 4 shows. The
    RBNZ will be hoping consumers know something businesses don’t.
    Historically, businesses have tended to be closer to the mark – but
    consumers win the prize for seeing the surge coming first.