Consumer confidence stages record rebound

Consumer confidence stages record rebound
Consumer confidence staged a record rebound in the September quarter, the Westpac McDermott Miller survey of Consumer Confidence has found. Here's what Westpac had to say.
The rebound is broad based, led by an improvement in perceptions around the short term economic outlook. The recent slump in consumer spending looks to have been arrested, and risks outstripping the RBNZ's September expectations. However, domestic monetary policy will take its cue from world financial market developments over the next few months. We expect the OCR to hit 6.5% in January 2009 as the RBNZ fights to offset the rising cost of funds.
 

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.