Consumers show Christmas pessimism: Westpac
Westpac McDermott Miller survey at the weakest level since 1988.
Survey respondents expect bad economic times ahead, not just over the next 12 months, but next five years.
Consumers end the year utterly pessimistic, adding fuel to the fire of an economic slowdown and a recession next year.
The Westpac McDermott Miller Consumer Confidence Index fell sharply in December, dropping 12 points to 75.6.
That’s the lowest level of confidence since the survey began in 1988.
It
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly
credit card debit
Premium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly
credit card debit
Premium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly
credit card debit
Premium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly
credit card debit
Yearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
