Economic indicator

More good news, consumer confidence at nine year high

The Labour party were hoping that all the economic indicators would get worse in election year.

Unfortunately day after day and week after week all the indicators continue to improve.

The Herald reports:

New Zealand consumer confidence rose to a nine-year high in the first quarter of this year with optimism about the economy in the year ahead approaching record levels.

The Westpac McDermott Miller Consumer Confidence Index rose to 121.7 in March, up from 120.1 in the December survey, to the highest level since the credit-fuelled boom times of 2005. A reading above 100 indicates more optimists than pessimists. A net 35 per cent of those polled expect good times for the economy over the year ahead, up from a net 27.8 per cent in the December quarter and the third-highest reading in the survey’s history.? Read more »

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