With just over a month to go before the election, the index lifted from 125.4 in July to 126.2 in the August survey. Net optimism about the economy one year out lifted from 23 to 25 and, when assessing the five-year economic outlook, optimism eased from 23 to 21. Rising house prices lifted property owners’ wealth and encouraged spending. "Auckland house prices are falling, but it seems consumers feel there is no need to batten down the hatches." Falling house prices were good for those trying to get on the property ladder.

Source: Otago Daily Times August 17, 2017 18:11 UTC