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Momentum slowing in consumer spending

  • Opinion
  • December 20, 2017
  • Michael Gordon
Momentum slowing in consumer spending

There are growing signs that the slowdown in the housing market is weighing on people’s willingness to spend. Westpac’s recent confidence surveys suggest that consumers remain in a relatively good mood, but spending on debit and credit cards has flattened out over the course of this year.

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She’ll be right: Growing consumer confidence

  • Opinion
  • September 26, 2017
  • Shyamal Maharaj
She’ll be right: Growing consumer confidence

Over the past year we’ve seen both households and businesses becoming increasingly confident about the economic outlook. Westpac economist Shyamal Maharaj looks at how this confidence is reinforcing expectations for firm economic activity over the coming year.

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Bank closures part of bigger problem for small town New Zealand, expert says

  • News
  • August 25, 2016
  • Elly Strang
Bank closures part of bigger problem for small town New Zealand, expert says

A proposal to close 19 Westpac banks around New Zealand has sent shock waves rippling through provincial communities. The majority of the banks are located in provincial towns where retail has been especially vulnerable, such as Wainui and Waikanae. A retail expert says it's part of the wider industry trend of shops disappearing from small town New Zealand.

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Consumer optimism slips in 2016

  • News
  • March 21, 2016
  • Elly Strang
Consumer optimism slips in 2016

New Zealand consumer confidence has dipped in the first quarter of 2016 as Kiwis become glummer about the economic outlook. The dip has been attributed to the talk about weak dairy prices in the media causing consumers to tighten their purse strings.

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