AGP Executive Report

Last update: 6 minutes ago

Consumer Confidence: New Zealand’s consumer confidence fell to its lowest level in three years, with households growing more pessimistic about the year ahead. Retail & Spending: In the US, retail sales rose 0.9% in May as shoppers kept spending despite higher gas prices, while South Africa’s retail sales climbed 1.3% year on year in April. Housing Market: A housing webinar points to “lock-in” effects from mortgage rates and ongoing supply shortages, even as pending sales inch up. Energy & Oil: The IEA says Europe’s gas market has passed the Hormuz stress test so far, but it cut its 2026 oil demand outlook sharply and expects a surplus in 2027 if the Iran-US deal holds. Small Business Tech: A warning on “shadow AI” urges small firms to use enterprise accounts and controls so employees don’t leak sensitive data. Local Economy: Curaçao’s consumer group says meat prices vary widely ahead of World Cup match gatherings, and Nevada residents pressed regulators over utility charges in a public session.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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Retail sales jump as consumers spend despite higher gas prices

Retail sales jump as consumers spend despite higher gas prices


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