NZ Regional Economic Confidence, June quarter 2017 - Westpac

Analysts at Westpac offered a summary of points in respect to their analyses of the confidence in the New Zealand economy.

Key Quotes:

• Regional economic confidence improved in most parts of New Zealand in the June quarter.
• However, confidence has continued to slide in the Auckland region, and remains well below its highs in Canterbury.
• Improved export prices across dairy, meat, horticulture and forestry will have boosted optimism in the rural regions.
• Consumer confidence (a measure of households’ views of their own economic conditions) also improved in most regions, with Auckland again an exception.