• June saw widespread gains in New Zealand's consumer confidence says Westpac

Market news

19 June 2017

June saw widespread gains in New Zealand's consumer confidence says Westpac

An interesting feature of this quarter's survey are households' attitudes regarding debt. Each quarter, we ask households what they would do if they received a windfall of $10,000. In June the number of households who said they would use these funds for savings or paying down debt actually fell. In fact, the proportion of households who are focusing on savings/debt repayment has only been this low once before in the 19 years that we've been asking them about it. This quarter's fall is all the more surprising given the rises in interest rates since late last year, and may be a by-product of the increased confidence in the economic outlook.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.