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Economy

NZ consumer confidence still downbeat in June quarter

Rebecca Howard
Mon, 17 Jun 2019

By Rebecca Howard June 18 (BusinessDesk) - New Zealand households remain downbeat with consumer confidence dipping in June and remaining at below average levels, the latest Westpac McDermott Miller survey shows. The consumer confidence index fell 0.3 points to 103.5 in the June quarter, below the long-run average of 111.2. It had fallen 5.3 points to 103.8 in the March quarter.  In today's survey, the present conditions index was down 1 point at 106.6 while the expected conditions index inched up 0.1 of a point to 101.4.  A reading abo...

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