New Zealand's consumer confidence improved for the first time in four months in May, survey figures from ANZ bank showed Thursday.
The ANZ Roy Morgan Consumer Confidence Index rose to 123.9 in May from 121.7 in April. A reading above 100 indicates optimism, while below that shows pessimism.
Consumers' view of their own financial position fired up to the highest level since the global financial crisis. A net 16 percent feel better off financially compared with a year ago, up from a net 9 percent in April.
At the same time, their own financial situation for the next twelve months dropped slightly in April, with the corresponding index falling to 32 from 33 in April.
However, the index measuring the economic situation of the country for the next year strengthened to 17 from 14.
For comments and feedback: editorial@rttnews.com