Big squeeze: Consumer confidence hits record low, Westpac says
Far more New Zealanders are pessimistic about the economic environment.
Household budgets squeezed in a way they haven't been for decades, Westpac says.
There's a squeeze on household budgets not seen for decades as consumer confidence plummets to a record low, the latest Westpac McDermott Miller Consumer Confidence Index said.
The index for the June quarter, released this morning, fell 13 points to 78.7: the lowest level recorded since the survey
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