New Zealand consumer confidence improves in September, survey shows
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FILE PHOTO: Auckland, New Zealand - August 3, 2023 General view of the Auckland skyline at sunset REUTERS/Molly Darlington/File Photo
WELLINGTON (Reuters) -Consumer confidence in New Zealand rose in September, ANZ-Roy Morgan data showed on Friday, as easing monetary policy starts to feed through.
The consumer confidence index rose to 94.6 in September from 92.0 in August. A reading above 100 shows optimism, while below that indicates pessimism.
“It’s not all doom and gloom out there,” said ANZ Chief Economist Sharon Zollner. “Easier monetary policy is starting to feed through, and we expect the economy to put in a markedly improved performance over the next 12 months than the last – though that isn’t saying a lot, to be fair.”
(Reporting by Lucy Craymer; Editing by Chris Reese)
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