New Zealand consumers cut spending plans as confidence falls123RF As well as a fall in confidence, the latest consumer confidence survey shows fewer see now as a good time to make a major household purchase. Households are winding back spending plans as confidence drops, with more fretting about their financial position. The Westpac McDermott Miller consumer confidence index showed a sharp dip in December. CHRISTEL YARDLEY/STUFF Consumer confidence dipped in December, with consumers winding back spending intentions. The Westpac survey came a day after the ANZ-Roy Morgan consumer confidence survey for December, which also showed confidence fell for the third month in a row.

Source: Stuff December 19, 2017 00:45 UTC