NZ consumer confidence eases in July - ANZ survey

Pedestrians walk past containers being used for temporary shops in central Christchurch, New Zealand, in this June 14, 2014 handout photo. John Suckling/Handout via REUTERS

WELLINGTON (Reuters) - Consumer confidence in New Zealand eased in July after hitting a five-month high in the previous month, a survey showed on Thursday.

The ANZ-Roy Morgan consumer confidence index fell to 125.4 from 127.8 in June, when it had been at its highest levels since January. A reading above 100 shows optimism, while below that indicates pessimism.

Expectations for consumer price inflation over the next two years dipped to 3.4 percent from 3.5 percent in the previous survey.

(Reporting by Ana Nicolaci da Costa; Editing by Sam Holmes)