NZ consumer confidence dips in June quarter as households feel economic pinch

Sun, 19 Jun 2016

By Paul McBeth June 20 (BusinessDesk) - New Zealand consumer confidence fell below its long-run average in the June quarter as Kiwis become increasingly nervous about an economy being driven by population growth while per-capita growth stalls. The Westpac McDermott Miller consumer confidence index fell 3.7 points to 106 in the June quarter, below the long-run average of 111.5. A reading above 100 indicates optimists outnumber pessimists. The presented conditions index was down 1.7 points to 110, while the expected conditions index dropped...

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