NZ consumer confidence improves as household pessimism dwindles to five-year low

Sun, 16 Dec 2012

Dec. 17 (BusinessDesk) - New Zealand consumer confidence rose as households' pessimism about the state of their own affairs was the least gloomy in five years. The Westpac McDermott Miller Consumer Confidence Index rose 8.6 points to 111.1 in the December quarter, the highest level since September last year. A reading above 100 means optimists outnumber pessimists. The present conditions index rose 6.2 points to 108.5 and the future conditions index advanced 10.2 points to 112.9. A net 12 percent of households said their situation has dete...

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