RTTNews reports that survey data from ANZ showed that New Zealand consumer confidence remained broadly unchanged in June. The consumer sentiment index came in at 114.1 in July versus 114.0 in the previous month.

The proportion of people who believe it is a good time to buy a major household item, a key retail indicator, rose 3 points to +22 in July.

Perceptions of current financial situations advanced 7 points to +14 percent, by far its strongest post-COVID level.

Perceptions regarding the next year's economic outlook rose 4 points to +3 percent, while the five-year outlook fell 8 points to +10 percent.

At the same time, CPI inflation expectations jumped 0.7 percentage points to 5.1 percent, a record high in data that starts in 2010.