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New Zealand consumer confidence eases in December

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Consumer sentiment in New Zealand fell in December as confidence over future conditions declined, a survey showed on Friday.

[WELLINGTON] Consumer sentiment in New Zealand fell in December as confidence over future conditions declined, a survey showed on Friday.

The ANZ-Roy Morgan consumer confidence index fell to 118.7 from a six-month high of 122.7 in the previous month. A reading above 100 shows optimism, while below that indicates pessimism.

The survey showed consumer confidence in future conditions fell almost six points to 116.3, while confidence in current conditions remained relatively flat, falling less than one point to 122.1.

Expectations for consumer price inflation over the next two years fell to 3.1 per cent from 4.1 per cent in the previous survey.

REUTERS