New Zealand consumer confidence falls in second-quarter: private survey
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People buy fruits at a fruit and vegetable market in front of the Te Papa Museum in Wellington October 2, 2011. REUTERS/Jacky Naegelen
WELLINGTON (Reuters) - Consumer confidence in New Zealand fell in the second quarter as households have become increasingly nervous about the economic outlook, a survey showed on Monday.
The Westpac-McDermott Miller consumer confidence index fell to 106.0 in the June quarter from 109.6 in the previous quarter. A reading above 100 indicates more optimists than pessimists.
(Reporting by Rebecca Howard; Editing by Phil Berlowitz)
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