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[WELLINGTON] Consumer confidence in New Zealand rose in May as low unemployment and rising house prices made people more optimistic, a survey showed on Thursday.
The ANZ-Roy Morgan consumer confidence index rose to 123.9 from 121.7 in the previous month. A reading above 100 shows optimism, while below that indicates pessimism.
Expectations for consumer price inflation over the next two years declined to 3.6 per cent from 4 per cent in the previous survey.