NZ consumer confidence edges down this month, optimism still supports growth

Fri, 21 Mar 2014

March 21 (BusinessDesk) - New Zealand consumer confidence edged down for a second month, though the underlying optimism still supports the gathering economic momentum. The ANZ-Roy Morgan consumer confidence index fell to 132 this month from 133 in February. The current conditions decreased to 125.7 from 127 and the future conditions index slipping to 136.2 from 137.1. ANZ Bank New Zealand chief economist Cameron Bagrie said the index remains buoyant, and on a seasonally adjusted basis is at its highest level since February 2005. “Our compos...

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