NZ consumer confidence rises for second month on jobs confidence, spending power

Thu, 17 Jul 2014

By Suze Metherell July 17 (BusinessDesk) - New Zealand consumer confidence extended last month's rebound from a six-month low, edging higher in July, supported by an improving labour market and the impact of a high kiwi dollar on import prices. The ANZ-Roy Morgan consumer confidence index rose to 132.7 this month, from 131.9 in June and 127.6 in May. A reading above 100 indicates optimists outnumber pessimists. Those seeing a pickup in the economy as a whole in the next 12 months was steady at a net 34 percent, while those seeing good tim...

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