New Zealand Consumer Confidence Index hit a record low in February

News

This data was out a little earlier. Catching up now. ANZ remarks on the report:

  • respondents nervously eyed up widespread COVID in the
    community for the first time.

Key points

  • Consumer confidence plunged 16 points in February to 81.7, its lowest level since the data began in 2004.
  • The proportion of people who believe it is a good time to buy a major household item fell 17 points to -21.
  • Inflation expectations were little changed at 5.6%. House price inflation expectations eased from 5.3% to 4.8%.

NZD/USD not doing much at all since US markets closed:

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