NZ: Consumer confidence dropped - TDS

Research Team at TDS, notes that the NZ Consumer Confidence dropped a little more than 3% in April to a 7 month low.

Key Quotes

“Current Conditions, future conditions and inflation expectations all dropped on the month. That said, PMIs and Confidence data suggest 3% growth in 2016.

ANZ Job ads rose nearly 2% in April and that follows a revised 3% rise in March. This suggests job growth is strong. It’s just that we are not seeing a feed through into wages.”