NZ consumer confidence slips in October as kiwis save more cash

Thu, 11 Oct 2012

By Hannah Lynch Oct. 11 (BusinessDesk) - New Zealand's consumer confidence fell in October from a month earlier as kiwis remain cautious about spending money and put more aside for a rainy day. The ANZ-Roy Morgan Consumer Confidence fell to 110.5 in October from 111.9 in September. A reading above 100 indicates there are more optimists than pessimists. The Current Conditions index decreased 2 points to 110, while the Future Conditions index slipped 1 point to 111. "Households have become more circumspect over the future and have pared back...

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