Consumer spending

More good news

Things are aligning nicely for the government at the moment.

First the surplus is bigger than expected heralding calls for tax cuts, then the latest consumer confidence survey has shown improvement as well.

New Zealand consumer confidence rose in October as rising house prices and a strong labour market keep people upbeat, further supporting economic growth.

The ANZ-Roy Morgan consumer confidence index increased to 122.9 last month from 121 in September, with people more optimistic about the country’s outlook.

The current conditions index slipped 1.4 points to 122.7, while the future conditions index gained 4.1 points to 123.1. ? Read more »