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Reuters
Reuters
Business

New Zealand consumer confidence eases to 103.5 in second quarter - Westpac survey

FILE PHOTO: Shoppers 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 slightly to 103.5 in the second quarter, a survey showed on Tuesday.

* The Westpac-McDermott Miller consumer confidence indexedged down from 103.8 the previous quarter. * A reading above 100 indicates more optimists thanpessimists. * The gloomy sentiment which is below average levels,indicates slowing economic growth, according to Westpaceconomists.

(Reporting by Charlotte Greenfield; Editing by Sandra Maler)

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