Asian Economic News

New Zealand Consumer Confidence Hits Three-Year High - Westpac

An index measuring consumer confidence in New Zealand came in with a score of 116.6 in the second quarter of 2013, a survey from Westpac Bank revealed on Monday.

That marked the highest score for the index since the second quarter of 2010 - just before the earthquake in September of that year that devastated portions of the country.

The headline figure was up from 110.8 in the previous three months.

Among the individual categories, the net percentage of households with a positive outlook over the coming year surged from -5.8 to 13.8. There was also an increase in household expectations for their own finances (a net 10.1 percent expect improvement over the coming year, up from 7.2 percent).

Households' assessment of their current financial situation slipped (to -10.8, down from -10.4) - but that remains the second-highest reading in that category since December 2007.

by RTTNews Staff Writer

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