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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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Throttle back: Consumer growth for 2018

  • Opinion
  • November 2, 2017
  • Satish Ranchhod
Throttle back: Consumer growth for 2018

Westpac's senior economist, Satish Ranchhod, talks about how consumer spending is set to continue growing at a firm pace over the coming 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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ANZ the latest to review bank branches in heartland New Zealand

  • News
  • September 14, 2016
  • Elly Strang
ANZ the latest to review bank branches in heartland New Zealand

Following Westpac's proposal to close 19 banks in mostly provincial areas, First Union says ANZ is considering closing five of its branches. The branches are located in Palmerston North, Milton, Ngaruawahia, Otorohanga and Te Aroha.

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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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