New Zealander consumer optimism is at near all-time lows since surveying on the metric began.
An 11-point drop to 82.2 in Westpac McDermott Miller Consumer Confidence Index for the June, wiping out previous gains over the last six months.
Reserve Bank, Landlords Drive NZ Consumer Confidence to Near Record Lows
With rental prices a major driver of inflation, and the Reserve Bank refusing to ease interest rates, NZ consumer confidence has plummeted 11 points.
Consumer optimism has fallen in New Zealand. Leszek Glasner/ShutterStock
Rex Widerstrom
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Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.
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