NZ consumer confidence slips from 7-year high as inflation expectations firm

Thu, 20 Feb 2014

Feb. 20 (BusinessDesk) – New Zealand consumer confidence fell from its highest level in seven years this month, while remaining elevated, amid a pickup in inflation expectations and the prospect of interest rate increases. The ANZ Roy Morgan consumer confidence index fell to 133 from 135.8 in January. Both the current conditions index and future conditions index slipped back 3 points, to 127 and 137.1 respectively. The decline wasn’t enough to dent ANZ New Zealand’s assessment that elevated consumer confidence points to the potential for str...

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