NZ consumer confidence picks up, aided by improving dairy outlook, low interest rates

Thu, 15 Oct 2015

By Tina Morrison Oct. 15 (BusinessDesk) - New Zealand consumer confidence rose for a second month after hitting a three-year low in August, helped by an improved outlook for the dairy sector and lower mortgage interest rates. The ANZ-Roy Morgan consumer confidence index increased 4 points to a four-month high of 114.9. The current conditions index rose to 115.4 from 114.9, while the future conditions component increased to 114.6 from 108.1. New Zealanders are feeling less gloomy as dairy prices start to recover from a slump and homeown...

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