The ANZ-Roy Morgan Consumer Confidence Index fell off a cliff in April, in the first read since lockdown.
New Zealand consumers are feeling pretty alarmed. Times have changed rapidly – job security is iffy or non-existent for many, the value of their largest asset is looking like flat-lining (figure 2), and the world is suddenly a highly uncertain place. Figure 3 suggests plans are currently to keep wallets firmly shut, even once bricks and mortar retail and sit-down dining reopens.
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