NZ consumer confidence drops in second quarter as dairy woes weigh on economic outlook

Sun, 21 Jun 2015

By Suze Metherell June 22 (BusinessDesk) - New Zealand consumer confidence fell in the second quarter to its lowest level in more two years, as declining dairy prices weighed on optimism over the economy's outlook. The Westpac McDermott Miller Consumer Confidence Index fell to 113 in the three months ending June 30, from 117.4 in the March quarter, and is at its lowest level since March 2013. An index reading above 100 indicates optimists outnumber pessimists, and the historical average is 111.5. Consumers were more optimistic about...

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