New data shows consumer confidence has gone up - but overall levels show people are feeling more pessimistic than optimistic about the economy. 

The Westpac McDermott Miller Consumer Confidence index rose two points in June to 91.2, a modest rise from last quarter's drop.

Westpac senior economist Satish Ranchhod says negative news and the rising cost of living are contributing to an uncertain outlook, but confidence is likely to improve once more mortgages drop.

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New data shows consumer confidence has gone up - but overall levels show people are feeling more pessimistic than optimistic about the economy.&nbsp;
The Westpac McDermott Miller Consumer Confidence index rose two points in June to 91.2, a modest rise from last quarter's drop.
Westpac senior economist Satish Ranchhod says negative news and the rising cost of living are contributing to an uncertain outlook, but confidence is likely to improve once more mortgages drop.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Satish Ranchhod: Westpac senior economist on consumer confidence going up in June

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d78f8f63-2e6c-4853-ab94-b300007e7ae0/transcript