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Temperature Check - Regional Economic Confidence

Temperature Check

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.

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