NZ consumer confidence lifts in August as outlook improves

Thu, 09 Aug 2012

By Hannah Lynch Aug. 9 (BusinessDesk) - New Zealand consumer confidence lifted in August as households feel more optimistic about their financial well-being. The ANZ-Roy Morgan Consumer Confidence index rose to 114.5 in August from 110.5 in July, where a reading above 100 indicated there are more optimists than pessimists. The Current Conditions index advanced 3 points to 114, while the Future Conditions index increased 5 points to 115. "The level isn't stellar, and it still flags some caution," Cameron Bagrie, chief economist at ANZ New Zea...

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