New Zealand consumer confidence eases in July: ANZ survey

[WELLINGTON] Consumer confidence in New Zealand eased in July after hitting a five-month high in the previous month, a survey showed on Thursday.

The ANZ-Roy Morgan consumer confidence index fell to 125.4 from 127.8 in June, when it had been at its highest levels since January. A reading above 100 shows optimism, while below that indicates pessimism.

Expectations for consumer price inflation over the next two years dipped to 3.4 per cent from 3.5 per cent in the previous survey.

REUTERS