NZ consumer confidence bounds to 4-yr high in Q4, says survey

 In Australia, NewZealand
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.

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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.

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"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…

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