Consumer confidence in New Zealand grew 5.6 percentage points in December as a countdown to Christmas intensified a cheery economic outlook, Westpac (NZE:WBC) said on Wednesday.
The Westpac-McDermott Miller Consumer Confidence index jumped to 96.5, hitting the highest level of confidence seen this year. However, still a little below long-run averages.
The number of people expecting the economy to
improve the coming year is the highest it's been since 2021, the bank added.
"Growing optimism has also given spending appetites a boost," the bank said.
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