NZ consumer confidence gains in October, adding to signs economy picking up pace

Thu, 17 Oct 2013

Oct. 17 (BusinessDesk) – New Zealand consumer confidence rose this month, adding to signs the economy is growing at a faster clip, with the strongest recording for kiwis feeling better off than a year ago since January 2008. The ANZ-Roy Morgan consumer confidence index rose3 points to 122.3 from 119 in September. The current conditions index rose 4 points to 120 and the future conditions index gained 3 points to 124. “Consumer sentiment remains elevated and consistent with perky spending trends,” ANZ New Zealand chief economist Cameron Bagri...

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