NZ consumer confidence recovers in June as more jobs, rising house prices lift sentiment

Fri, 17 Jun 2016

By Sophie Boot June 17 (BusinessDesk) - New Zealand consumer confidence recovered in June, reversing May's drop, as an improving labour market, house price growth and a stronger New Zealand dollar improved sentiment. The ANZ-Roy Morgan consumer confidence index rose to 118.9 from 116 in May. The current conditions index gained four points to 122.7, while the future conditions index advanced two points to 116.4. "The New Zealand economy is chugging along pretty well, despite clear strains in the dairy sector and the unease offshore," sa...

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