Those involved in the transport industry will be pleased to hear consumer confidence remains high in the latest ANZ-Roy Morgan Consumer Confidence Index.
While consumer confidence dipped four points from a three-year high in October – dropping to 126.3 from 129.9 – it is still the third highest rate in the last three years.
“Neither the softer housing market nor election uncertainty have so far dented consumer optimism, which points to an ongoing decent pace of spending and activity growth,” the bank says.
“New Zealand consumers appear to be a resilient lot.”
Some consumers also feel wealthier according to the result, with a net 15% feeling financially better off than a year ago.
This is down from September’s 19%, which was a ten-year high.
