Kiwis less bullish on buying major household items as confidence remains high

Mon, 16 Sep 2013

Sept. 16 (BusinessDesk) – New Zealand consumers are less keen on buying major household items though broadly confidence remains strong, based on the Westpac McDermott Miller Consumer Confidence Index. The index fell to 115.4 in September from the three-year high of 116.6 reached in the June survey. The latest reading is still the second-highest since June 2010. The ‘good time to buy’ indicator, which asks whether households deem it a good time to buy a major household items, fell to 24.7 percent from 34.4 percent, which Westpac chief executi...

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