New Zealand consumer confidence hits five-month high amid Iran war strain
New Zealand consumer confidence rose to its best level in five months, according to the latest survey, even as the Iran war and elevated fuel prices continue to weigh on sentiment. ANZ chief economist Sharon Zollner said the conflict remains a factor shaping how households feel about the economy.
New Zealand consumer confidence climbed to its best level in five months, according to the latest survey data, offering a modest sign of improvement in household sentiment.
ANZ chief economist Sharon Zollner said the ongoing Iran war and elevated fuel prices continue to weigh on how consumers feel about the economy, even as overall confidence ticked higher. She said the conflict remains a factor shaping sentiment alongside domestic economic conditions.
The improvement comes as New Zealand's economy navigates a mixed backdrop of global uncertainty and local cost-of-living pressures. Economists will watch upcoming data releases to see whether the uptick in confidence translates into stronger consumer spending.
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