NZ consumer confidence eases in June as caution prevails

Fri, 15 Jun 2012

By Hannah Lynch June 15 (BusinessDesk) - New Zealand consumer confidence eased in June as consumers remained cautious about spending money. The ANZ-Roy Morgan Consumer Confidence measure eased to 105.8 points in June from 113.9 points in May. The Current Conditions index fell 3.1 points to 105, while the Future Conditions index eased by 11.4 points to 106.3. "Right here and now consumers still feel worse off, and more so," said Cameron Bagrie, chief economist at ANZ New Zealand. "The consumer is not the flag bearer of growth." Consumer p...

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