New Zealand consumer confidence hits highest level since June
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[SYDNEY] Consumer confidence in New Zealand rose in November to its highest level since June, ANZ-Roy Morgan data showed on Friday, as shoppers bought more discretionary items and retailers saw improved activity.
The consumer confidence index jumped to 98.4 in November from 92.4 in October. A reading above 100 shows optimism, while below that indicates pessimism.
“It’s good to see a decent lift in consumer confidence this month, though it is yet to break out of recent ranges,” ANZ chief economist Sharon Zollner said in a statement.
“Although it’s early days in terms of the economic recovery, this is not the only indicator suggesting that things are looking up for consumers.” REUTERS
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