Different trends in economic confidence across New Zealand - Westpac

Analysts at Westpac explained that the close of 2017 saw some very different trends in economic confidence across New Zealand. 

Key Quotes:

"The Westpac-McDermott Miller Regional Economic Confidence survey showed that confidence rose in six regions in the December quarter."

"However, it was down in five regions, and in many cases, the drop in confidence was substantial."

"Economic confidence rose in six regions in the December quarter. However, it was down in five regions, and in many cases, the drop in confidence was substantial."

"Households in Auckland were the most negative about their region’s economic prospects. Those in Otago were the most optimistic."

"Confidence in some regions dropped sharply with weaker agricultural conditions and unease about government policy across a number of fronts being key drivers."
 
"Consumer confidence (a measure of households’ views of their own economic conditions) fell in nine of eleven regions."