New Zealand consumer confidence eased in July from three-year high on petrol, interest rates

Thu, 18 Jul 2013

By Tina Morrison July 18 (BusinessDesk) – New Zealand consumer confidence eased in July as higher petrol prices and the prospect of rising mortgage rates dented financial sentiment. The ANZ-Roy Morgan consumer confidence index slipped to 119.8 from a three-year high of 123.9 in June. The current conditions index dropped 4 points to 118 and sentiment on future conditions eased 5 points to 121. All five questions used to calculate the overall measure recorded slightly weaker net balances versus a month earlier. For the first time in three mont...

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