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2025.06.1721:13:47UTC+00New Zealand Consumer Confidence Improves in Q2

The Westpac McDermott Miller Consumer Confidence Index in New Zealand improved to 91.2 in the June quarter of 2025, up from 89.2 in the previous quarter, though it remains significantly below the long-term average. This current figure reflects a combination of uneven domestic growth and significant geopolitical uncertainties, compounded by persistent cost-of-living challenges for households grappling with increased food, insurance, and utility expenses. The indicator tracking whether it’s a 'good time to buy' increased, rising from -15.6 to -9.5, indicating a modest revival in the appetite for substantial purchases. Among regions, Wellington exhibited the lowest confidence at 77.9, whereas Southland led with a score of 96.8, supported by robust commodity prices and a resurgence in international tourism.

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