New Zealand Employment Confidence Falls 12.5 Points to Record-Low 83.1 as Middle East Conflict Weighs
Updated
Updated · New Zealand Herald · Jun 22
New Zealand Employment Confidence Falls 12.5 Points to Record-Low 83.1 as Middle East Conflict Weighs
3 articles · Updated · New Zealand Herald · Jun 22
Summary
83.1 was the June-quarter reading of the Westpac-McDermott Miller Employment Confidence Index, down 12.5 points and the weakest result since the survey began in September 2004.
Middle East conflict concerns drove the drop, according to the report, underscoring how overseas geopolitical tensions are feeding into New Zealand workers' views of the job market.
The record low signals a sharp deterioration in sentiment around employment prospects, adding to evidence that households are growing more uneasy about economic conditions.