New Zealand consumer confidence hits highest level since June
Add BT as a preferred source
[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
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
