NZ consumer confidence declines for fourth month to 3-year low

Thu, 20 Aug 2015

By Tina Morrison Aug. 20 (BusinessDesk) - New Zealand consumer confidence fell for a fourth month to its lowest level in three years as sentiment weakened on the prospects for the year ahead. The ANZ Roy Morgan consumer confidence index fell to 109.8 in August from 113.9 in July, the lowest level since mid-2012. The futures conditions index fell to a 6 1/2-year low of 104.9 from 110.4, while the current conditions index slid to 117.2 from 119. A slump in global dairy prices has caused milk processors to cut their forecast payout to dai...

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