Temperature Check - Regional Economic Confidence
Westpac-McDermott Miller Regional Economic Confidence, March 2018 quarter
26 March 2018
– The Westpac McDermott Miller Regional Economic Confidence Index rose in nine out of eleven regions in the March 2018 quarter.
– Households in Auckland remain the most negative about their region’s economic prospects. Meanwhile, those in Wellington were the most optimistic.
– Confidence in some rural regions was affected by severe weather events, which impacted agricultural production and other aspects of the economy.
– Separately, consumer confidence (a measure of households’ views of their own economic conditions) increased in nine of eleven regions.