ANZ"s Roy Morgan New Zealand Consumer Confidence fell to 83.0 from the previous month's 84.9 as the measure of consumer sentiment retreated in June, sticking close to multi-year lows in the sentiment index. 

As noted by ANZ's Chief Economist Sharon Zollner, "consumer pessimism is consistent with the broader economic data that shows households are tightening their belts in the face of restrictive monetary conditions, a stagnant housing market, and a softening labour market." Chief Economist Zollner continued, "slowing CPI inflation and expectations that fixed mortgage rates are likely to decline from here will be providing some relief, but this is clearly only a partial offset to the relatively lengthy list of headwinds."