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Economist: We may be past the worst of consumer confidence

Author
Newstalk ZB,
Publish Date
Tue, 9 Aug 2022, 8:27AM
Photo / Getty Images

Economist: We may be past the worst of consumer confidence

Author
Newstalk ZB,
Publish Date
Tue, 9 Aug 2022, 8:27AM

Some positive signs for consumer confidence.

Economist Tony Alexander has been polling New Zealanders on whether they're planning to cut down how much they're buying.

Last month, 27 percent of people said they were planning to do so.

Alexander told Mike Hosking this month, only 18 percent are looking to cut back.

“Maybe we’ve past the worst speed of decline in many things; it doesn’t mean there’s improvement yet, but at least maybe we’re past the worst.”

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