Consumer confidence sinks to lowest level ANZ survey has recorded
https://www.stuff.co.nz/business/127...y-has-recorded
not surprising
house prices not rising anymore the big one as NZ economy so reliant on the wealth effect from housing.
add in high inflation now making everyone poorer and i mean pretty much everyone as wages , dividends etc etc dont rise enough to make up for rising prices in services and goods.
im expecting companies to be doing downgrades late this yr or next yr due to inflation and less consumer spending.
commodity companies should do alright this yr