NZ consumer confidence rises in January, belying global turmoil

Thu, 21 Jan 2016

By Sophie Boot Jan. 21 (BusinessDesk) - New Zealand consumer confidence gained in January, with its stability notable considering the turbulent state of the global economy, according to the latest ANZ-Roy Morgan Consumer Confidence Index. After dipping 4 points last month, the index rose 3 points to 121.4 in January, in line with the historical average of 119. Current expectations rose 4 points, while future expectations rose 2 points, with the former a positive sign for spending trends, ANZ's chief economist Cameron Bagrie said. “The...

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