NZ consumer confidence gains in May amid rising house prices, improving jobs market

Fri, 17 May 2013

By Paul McBeth May 17 (BusinessDesk) - New Zealand consumers continued to get more optimistic this month as rising house prices and an improving labour market underpinned the rosier outlook. The ANZ-Roy Morgan consumer confidence index rose 4.5 points to 123.7, with more respondents in the survey feeling better off financially than they did a year ago, the first positive reading since March 2008. The current conditions index advanced 4 points to 123 and future conditions gained 5 points to 124. “Lifting business confidence had earlier sign...

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