14 Consumer confidence has bounced back up again and overall remains strongly optimistic. Consumers are feeling positive both about current and future economic conditions. The gap in confidence between Australia and New Zealand did close a little last quarter, but New Zealand continues to remain more positive. In the past this has reflected our net migration to and from Australia. If that trend continues then this gap will need to close much more before we see more Kiwis flooding back across the Tasman to chase new lives. 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