NZ consumer confidence slips in May

Fri, 22 May 2015

By Tina Morrison May 22 (BusinessDesk) - New Zealand consumer confidence slipped in May as sentiment about current and future conditions eased. The ANZ-Roy Morgan consumer confidence index fell to 123.9 in May from 128.8 in April. The current conditions index dropped to 124.6 from 130.3 last month, while the future conditions index declined to 123.4 from 127.8. "Consumer confidence is down, but the level remains very respectable and healthy," said ANZ Bank New Zealand chief economist Cameron Bagrie. "We continue to pencil in 3 percent...

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