NZ consumer confidence dips in September on future worries, though current sentiment positive

Mon, 18 Sep 2017

By Sophie Boot Sept. 19 (BusinessDesk) - New Zealand consumer confidence dropped in the September quarter as the slowing housing market dented optimism about the future, although people felt more upbeat about their current financial situation. The Westpac McDermott Miller consumer confidence index fell 1 point to 112.4 in the September quarter, staying above the long-run average of 111.4. A reading above 100 indicates optimists outnumber pessimists, and the survey has been above that level since March 2011. The present conditions index ga...

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