NZ consumer confidence bounces in August – ANZ survey


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.

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