New Zealand consumer confidence rose in April, remains pessimistic
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The Auckland skyline is seen at sunset, New Zealand, August 12, 2023. REUTERS/Molly Darlington
WELLINGTON (Reuters) -Consumer confidence in New Zealand rose in April, shoring up the rising trend that was starting to look wobbly, ANZ-Roy Morgan data showed on Thursday.
"It’s good to see that New Zealand consumers so far appear to be relatively unfazed by the recent bout of global volatility," ANZ Chief Economist Sharon Zollner said in a statement.
"In the bigger picture, though, consumer confidence remains subdued, and this is dampening the outlook for the retail sector," she said.
The consumer confidence index rose to 98.3 in April from 93.2 in March. A reading above 100 shows optimism, while below that indicates pessimism.
(Reporting by Lucy Craymer; Editing by Chris Reese)
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