NZ consumer confidence bounds to 4-yr high in Q4, says survey
New Zealand consumer confidence bounced back to a four-year high in the fourth quarter with households more optimistic about their own finances and the outlook for the economy, a survey showed on Monday.
The Westpac-McDermott Miller consumer confidence index rose to 120.1 from 115.4 in the September quarter. It was the highest reading since September 2009. A reading above 100 indicates more optimists than pessimists.
"With the construction sector ramping up, jobs on the rise, house and share prices soaring, and dairy prices sky-high, we would have been surprised to see otherwise," Westpac Chief Economist Dominick Stephens said in a statement. The Business Times – Read more…