NZ consumer confidence falls in May as low interest rates dull savings, petrol prices rise

Thu, 19 May 2016

By Tina Morrison May 19 (BusinessDesk) - New Zealand consumer confidence slid in May amid rising petrol prices and concerns about an accelerating housing market and the impact of lower interest rates on savings. The ANZ-Roy Morgan consumer confidence index declined to 116.2 from 120 in April. The current conditions index fell by 4 points to 119.3, while the future conditions index decreased by 3 points to 114.3. "While moving at a marginally slower tempo, New Zealand consumers are still in a good rhythm," ANZ Bank New Zealand chief eco...

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