NZ consumer confidence dips in August, slower house price growth expected

Thu, 18 Aug 2016

By Sophie Boot Aug. 18 (BusinessDesk) - New Zealand consumer confidence dipped in August with respondents expecting house price growth to slow, particularly in Auckland. The ANZ-Roy Morgan consumer confidence index slipped to 117.7 last month from 118.2 in July. A net 25 percent of respondents expect to be better off financially in a year's time, compared to 29 percent a month earlier. They were slightly more optimistic about their 12-month outlook for the economy, with a net 5 percent expecting good times ahead, up from 4 percent in July...

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