NZ consumer confidence bounces in August – ANZ survey

Reuters




WELLINGTON, Aug 17 (Reuters) – Consumer confidence in New Zealand rebounded in August after a dip the previous month, a survey showed on Thursday.

The ANZ-Roy Morgan consumer confidence index rose to 126.2 from 125.4 the previous month. A reading above 100 shows optimism, while below that indicates pessimism.

Low unemployment, recovering dairy prices and a high New Zealand dollar making imports cheaper had buoyed household optimism, ANZ economists said.






Leave a Reply

Your email address will not be published. Required fields are marked *

*

9 + 5 =