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Financial News: New Zealand Consumer Confidence Slows In Q2

New Zealand Consumer Confidence Slows In Q2

06/19/2018 - 18:30:00 (RTTNews)

(RTTNews) - Consumer confidence in New Zealand continued to be positive in the second quarter of 2018, although it slowed somewhat, the latest survey from Westpac Bank showed on Wednesday with an index score of 108.6.

That's down from 111.2 in the three months prior, although it remains well above the line of 100 that separates optimism from pessimism.

The decline was in response to a slowing housing market, Westpac said.

The bank added that the drop was more of a general malaise among households instead of specific concerns over the direction in which the economy is heading.

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