NZ consumer confidence rises to 3-month high in April

[WELLINGTON] Consumer confidence in New Zealand rose to a three month high in April with respondents more positive about the short and long term outlook, a survey showed on Thursday.

The ANZ-Roy Morgan consumer confidence index rose to 128.8 from 124.6 in March. A reading above 100 shows optimism, while below 100 indicates pessimism.

The survey showed more consumers feeling better off financially than a year ago, and expect that to continue over the coming 12 months.

They were also more optimistic about the economy's prospects in the short and longer term.

Expectations for consumer price inflation over the next two years eased to 2.8 per cent from 3.1 per cent in the previous survey.

REUTERS