NZ consumer confidence sinks to 10-month low amid signs growth has peaked

Thu, 21 Aug 2014

By Jonathan Underhill Aug. 21 (BusinessDesk) - New Zealand consumer confidence fell to a 10-month low in August, suggesting rising interest rates, weaker commodity prices and waning house price inflation are denting sentiment in an economy that may be growing at a slower pace. The ANZ-Roy Morgan Consumer Confidence Index fell 7 points to 125.5, snapping two months of gains. The current conditions index eased to 123.4 from 126.3 and the future conditions index dropped to 126.9 from 137. Confidence dipped across all indicators in the sur...

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