NZ consumer confidence edges up in June as long-term outlook brightens

Fri, 21 Jun 2013

June 21 (BusinessDesk) - New Zealand consumer confidence edged up in June as kiwis deemed the long-term outlook for the economy was brighter. The ANZ-Roy Morgan consumer confidence index rose to 123.9 from 123.7 in May. The current conditions index dropped 1 point to 122 and future conditions rose 2 points to 126. “Both measures are at levels that we consider elevated and indicative of more self-assurance starting to percolate across consumers,” said ANZ New Zealand chief economist Cameron Bagrie. On a seasonally adjusted basis, headline co...

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