Cost of living pressures keep households pessimistic in confidence survey

Cost of living pressures keep households pessimistic in confidence survey

By RNZ Consumers remain pessimistic, despite recent interest rate cuts, as they struggle with spending power squeezed by continued increases in living costs.

Consumer confidence remains soggy amid continued cost-of-living crisis

Reading Time: 2 minutes Consumers remain pessimistic, despite recent interest rate cuts, as they struggle with spending power squeezed by continued increases in living costs. The Westpac-McDermott Miller Consumer Confidence Index edged down 0.3 points in September to 90.9 – effectively unchanged from the June quarter – after the economy hit a mid-year soft patch. A level below 100 indicated there were more households pessimistic about the econom…