WELLINGTON (Reuters) - Consumer confidence in New Zealand edged higher in March, with low unemployment, rising wages and a recovery in the housing market supporting sentiment, a survey showed on Wednesday.
The ANZ-Roy Morgan consumer confidence index rose to 128.00 in March from 127.7 in the previous month. A reading above 100 is a sign of optimism, while a reading below that threshold indicates pessimism.
Expectations for consumer price inflation over the next two years rose to 3.5 percent from 3.1 percent in the previous survey.
(Reporting by Marius Zaharia, editing by G Crosse)
