WELLINGTON (Reuters) - Consumer confidence in New Zealand edged down in June as economic headwinds started to weigh on optimism, a survey showed on Friday.
The ANZ-Roy Morgan consumer confidence index slipped to 120 from 121 in the previous month. A reading above 100 shows optimism, while below that indicates pessimism.
"The cocktail of moderating economic growth and heightened downside risks to the outlook may be proving a little too bitter for some, particularly given the backdrop of high household debt and elevated housing costs," said ANZ economists in a note accompanying the release.
(Reporting by Charlotte Greenfield and Leika Kihara; Editing by Chris Reese)
