NZ consumer confidence rises to nine-year high in first quarter

Sun, 16 Mar 2014

March 17 (BusinessDesk) – New Zealand consumer confidence rose to a nine-year high in the first quarter of this year with optimism about the economy in the year ahead approaching record levels. The Westpac McDermott Miller Consumer Confidence Index rose to 121.7 in March, up from 120.1 in the December survey, to the highest level since the credit-fuelled boom times of 2005. A reading above 100 indicates more optimists than pessimists. A net 35 percent of those polled expect good times for the economy over the year ahead, up from a net 27.8 per...

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