ANZ-Roy Morgan NZ consumer confidence dips slightly in March

[WELLINGTON] Consumer confidence in New Zealand dipped slightly in March, a survey found on Friday.

The ANZ-Roy Morgan consumer confidence index dipped to 118.0 versus 119.7 in the previous month. A reading above 100 shows optimism, while below that indicates pessimism.

The index is down a "smidgen" but remains in line with the historical average," said ANZ Chief Economist Cameron Bagrie.

Overall, consumers continued to "go about their daily business" a good sign for spending in the lead-up to Easter, Mr Bagrie said.

REUTERS