NZ consumer confidence rebounds in December

[WELLINGTON] New Zealand consumer confidence bounced back to a three-month high in December, a survey showed on Friday, with respondents feeling better off and more optimistic about their own prospects.

The ANZ-Roy Morgan consumer confidence index rose to 126.5 from 121.8 in November.

A reading above 100 shows optimism, while below 100 indicates pessimism.

The survey showed consumers were feeling financially better off, and more optimistic about their personal and broader economic prospects for the coming year.

Expectations for consumer price inflation over the next two years fell to 3.1 per cent from 3.8 per cent in the previous survey.

REUTERS