ANZ-Roy Morgan NZ consumer confidence - ANZ

Analysts at ANZ noted that consumer confidence dropped 7.5 points to 120.5 in April, sitting slightly above its historical average.

Key Quotes:

"Both current and future conditions indexes fell, the latter by more."

"A strong labour market, low interest rates and a steady housing market are supporting sentiment. Nonetheless, consumers appear to be feeling a little less bullet-proof, consistent with our view the saving rate will lift."