NZ Economy Shows Mixed Bag of Results Amid Consumer Spending Slowdown

The New Zealand economy has experienced a mixed bag of results in recent weeks. According to Westpac's NZ Weekly Economic Insight report for July 31, 2026, consumer spending is showing signs of weakness, while business confidence remains steady.

As reported by the Westpac Group, consumer spending growth has slowed down, driven by lower household incomes and a decrease in disposable income. In contrast, business confidence remains stable, with a slight increase in the NZ PMI.