New Zealand consumer confidence slips in November - ANZ-Roy Morgan
Tweet
Share
E-mail
FILE PHOTO: Shoppers are seen at a mall in Wellington, New Zealand July 16, 2020. Picture taken July 16, 2020. REUTERS/Praveen Menon
(Reuters) - Consumer confidence in New Zealand fell in November compared with the prior month amid soaring inflation, rising rates and falling house prices, ANZ-Roy Morgan data showed on Friday.
The consumer confidence index slid 5 points to 80.7 in November, its lowest level since June. A reading above 100 shows optimism, while below that indicates pessimism.
A net 31% of households think it is a bad time to buy a major household item, falling 9 points to the lowest level since COVID-19 first hit, while inflation expectations lifted to 5.3% from 5.0% last month, the survey showed.
(Reporting by Renju Jose in Sydney; Editing by Josie Kao)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Defense contractor Lyntris, shareholders raise about $298 million in downsized US IPO
- Hormuz traffic slows as uncertainty over waterway persists
- Bond selloff slows but stocks wobble
Create E-mail Alert Related Categories
ReutersRelated Entities
Consumer Confidence IndexSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
