Wellingtonians are feeling more positive about the state of the economy
Wellingtonians are feeling more positive about the state of the economy
18 January 2019
The Westpac-McDermott Miller regional economic confidence survey has been released for the December quarter.
It shows 38 percent of Wellington households expect the local economy to strengthen this year, compared to 30 percent in September.
Chief economist Dominick Stephens says the rising confidence is likely down to strong growth in house prices, lower unemployment and increased job availability.
He says lower interest rates, the easing in LVR mortgage lending restrictions and Government spending plans for the public sector will also have lifted the mood.
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