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Westpac: Consumer confidence down 5 points to 107.4 in December
After a long winter, summer has finally arrived, and in many parts of the country champagne corks will be popping as holiday celebrations get underway. But despite the holiday season being upon us, it seems that many New Zealand households aren’t actually feeling that festive. In fact, consumer confidence has fallen to below average levels late in 2017. That’s been reflected in the latest Westpac McDermott Miller Consumer Confidence Index, which dropped 5 points in the December quarter to a level of 107.4. Given the suddenness of the drop in confidence, it is likely that the outcome of September’s election has ... (full story)