14 Consumer confidence remains high with perceptions of the economic outlook remaining strong. The strong labour market is a major contributor to this. House price expectations have reduced but the slowdown is not really affecting overall confidence. The gap in confidence between Australia and NZ grew wider in the last quarter further reflecting the stronger economic outlook in NZ. Consumer Confidence Source: ANZ NZ, Roy Morgan ANZ — Roy Morgan Consumer Confidence Trans-Tasman Consumer Confidence Index Source: Westpac NZ, McDermott Miller New Zealand Australia