New Zealand: Consumer confidence declines slightly in February
The ANZ-Roy Morgan consumer confidence indicator edged down to 120.8 in February, from January’s 121.7. The index, however, remains well above the 100-point threshold that separates optimism from pessimism among consumers.
Consumers’ expectations on future conditions deteriorated in February from a month earlier. This reflected their weaker one-year outlook on both their personal and the country’s financial situation, as well as their less optimistic outlook on the country’s economic situation in the next five years. However, their opinions on current conditions improved marginally.