WELLINGTON, March 17 (Reuters) - Consumer confidence in New Zealand fell slightly in March, but the index remains historically high, a survey showed on Friday.
The ANZ-Roy Morgan consumer confidence index fell to 125.2 from 127.4 the previous month. A reading above 100 shows optimism, while below that indicates pessimism.
"Consumer confidence is marching along at a steady pace, tracking above average, despite the small move backward in the month," said ANZ chief economist Cameron Bagrie in a statement released with the survey.
"Factors supporting spending are lining up: a high, albeit falling, NZD means imports are cheap. Wage gains might be unremarkable but jobs are plentiful. House price lifts have led to paper wealth for many."
