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- New Zealand's consumer confidence decreased slightly in July
New Zealand's consumer confidence decreased slightly in July
According to rttnews New Zealand's consumer confidence decreased slightly in July after improving in the previous month, the latest survey released by ANZ Bank and Roy Morgan showed Thursday.
The ANZ-Roy Morgan consumer confidence index fell to 118.2 in July from 118.9 in June. In May, the score was 116.2.
A reading above 100 indicates optimism, while below that shows pessimism.
The index measuring current conditions edged down to 122.5 in July from 122.7 a month ago. Similarly, the future conditions index slid to 115.5 from 116.4.
Consumers' expectations about the economy's prospects over the year ahead worsened to 4 in July from 9 in the preceding month. At the same time, their own financial expectations over the next twelve months rose to 29 from 24.
General inflation expectations eased to 3.3 percent in July from 3.8 percent a month ago. House price expectations rose once again, hitting yet another new high, led by Auckland.
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