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To date the recovery in household spending has been gradual.
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Uncertainty over potential tax changes to property investment and lingering softness in labour market hampering consumer confidence.
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Retail spending and REINZ housing data this week will shed further light on how recovery in the household sector is evolving.
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Report Prepared by:
Christina Leung
ASB Economist
Phone: +64 9 369 4421
Fax: +64 9 302 0992