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In the third quarter the index amounted to 108, which is higher than the previous value of 106. The study of consumer sentiment published by Westpac, is an indicator of consumer and company sentiment and in New Zealand. Typically, the indicator is based on the results of a study in which respondents give their assessment on various issues relating to the current and future economic conditions.
- Middle and high household income had a positive impact on consumer confidence
- lower income can lead to greater concerns about the economic outlook
- Rural areas are particularly concerned about the economic outlook in the coming years
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