May 29, 2008

New Zealand Sets New World Record

Dear Dr Bollard

You might find the following report of interest.

New Zealand consumer confidence in the economy plunged 18 points from the second half of 2007 to the first half of 2008, according to a global online survey by The Nielsen Company.
This was the biggest drop in consumer confidence of any country in the world monitored, with the United States and the Baltic nation of Latvia coming a close second with a drop of 17 points. Only a handful of countries reported gains in confidence, with the greatest increase (5%) taking place in The Netherlands, followed by Czechoslovakia, Russia, and Portugal (each up 3%).

Read the rest of the report here


The Hive

(consumer confidence is a factor in determining voting behavior so Helen Clark and John Key might like to have a read also)