NZ consumer confidence cools broadly in June quarter

Tue, 19 Jun 2018

By Margreet Dietz June 20 (BusinessDesk) - New Zealand consumer confidence declined broadly in the June quarter as the pace of the country’s economic growth cooled along with the housing market, while fuel prices rose, according to the latest Westpac McDermott Miller consumer confidence survey. The Westpac McDermott Miller consumer confidence index declined 2.6 points to 108.6 in the June quarter, taking it below the survey’s long-run average of 111.4. The present conditions index increased 0.5 points to 111.7, above the long-run avera...

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