NZ consumer confidence rises to 19-month high, indicating robust economy

Fri, 18 Nov 2016

By Paul McBeth Nov. 18 (BusinessDesk) - New Zealand consumer confidence rose to its highest level in 19 months in November as rising employment, low inflation and a recovery in the dairy sector point to robust economic growth. The ANZ-Roy Morgan consumer confidence index climbed 4.3 points to 127.2 this month, the highest level since April 2015, and when combined with elevated business sentiment pointed to gross domestic product growing at an annual rate of more than 4 percent. The current conditions index gained 4.6 points to 127.3 whil...

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