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Reuters
Reuters
Business

NZ consumer confidence rises in second-quarter - Westpac survey

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 grew in the second quarter to its highest level in more than two years, a survey showed on Monday.

The Westpac-McDermott Miller consumer confidence index rose to 113.4 from 111.9 in the previous quarter. A reading above 100 indicates more optimists than pessimists.

The boost in optimism was due largely to a rise in global dairy prices putting more money in pockets in rural areas and a recent government family support package announced in May, Westpac economists said.

(Reporting by Charlotte Greenfield; Editing by Peter Cooney)

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