Consumer confidence falls to lowest level since 2008 Global Financial Crisis

Consumer confidence has fallen to its lowest level since the 2008 Global Financial Crisis, with significant drops among women and young people, Newshub reports. In December, the index sat at 99.1, but the Westpac McDermott Miller Consumer Confidence Index released on Tuesday shows a drop of 7 points to 92.1; anything below 100 indicates “there are more New Zealanders who are pessimistic about the economic environment than there are those who are optimistic”.