NZ consumer confidence gains in Q3 as kiwis eye bargains

Sun, 16 Sep 2012

Sept. 17 (BusinessDesk) - New Zealand consumer confidence has recovered in the third quarter of the year, with households more willing to buy major household items even as they report a deterioration in their own financial circumstances. The Westpac McDermott Miller Consumer Confidence Index rose to 102.5 for the September quarter from 99.9 in June. A reading above 100 means optimists outnumber pessimists. The present conditions index recovered to 102.3 from 101.5 while the future conditions index rose to 102.7 from 98.7. Kiwis who deem it a...

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