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Reuters
Reuters
Business

New Zealand consumer confidence dips in third quarter - Wespact survey

FILE PHOTO - A businessman walks past a shop having a sale on Lambton Quay in Wellington September 23, 2009. REUTERS/Anthony Phelps/File Photo

WELLINGTON (Reuters) - Consumer confidence in New Zealand edged down in the third quarter of this year, a survey showed on Tuesday.

The Westpac-McDermott Miller consumer confidence index dipped to 112.4 from 113.4 in the previous quarter. A reading above 100 indicates more optimists than pessimists.

"Although expectations for the coming year have softened, households remain fairly upbeat about the economic outlook," said Westpac Chief Economist Dominick Stephens.

(Reporting by Ana Nicolaci da Costa)

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