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Consumer confidence hits 3-year high in September

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14.09.2017

New Zealand consumer confidence hit a three-year high in September as a softer housing market and election uncertainty failed to dent optimism.

The ANZ-Roy Morgan consumer confidence index rose to 129.9 in September from 126.2 in August, the highest level since July 2014. Of that, the current conditions index rose to 127.3 from 124.9 and the future conditions measure rose to 131.6 from 127.1.

"A softer housing market has typically presaged a reduction in consumers' appetite to spend. Together with the uncertainty over who will be prime minister next........

© The National Business Review