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Reuters
Reuters
Business

New Zealand consumer confidence eases to 103.1 in third quarter - Westpac survey

FILE PHOTO: Shoppers walk past and stand outside a retail store displaying a sales sign in central Wellington, New Zealand, July 3, 2017. REUTERS/David Gray

WELLINGTON (Reuters) - Consumer confidence in New Zealand slipped to 103.1 in the third quarter, a survey showed on Tuesday.

The Westpac-McDermott Miller consumer confidence index edged down from 103.5 in the previous quarter.

A reading above 100 indicates more optimists than pessimists.

While households are more optimistic about their personal financial situation, they have become increasingly downbeat about the economic outlook more generally, the survey said.

(Reporting by Praveen Menon, Editing by Franklin Paul)

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