WELLINGTON, June 22 (Reuters) - Consumer confidence in New Zealand rose in the second quarter due to a strengthening in broader economic conditions that is expected to continue over the year ahead, a survey showed on Tuesday.
The Westpac-McDermott Miller consumer confidence index rose to 107.1 from 105.2 in the previous quarter. A reading above 100 indicates more optimists than pessimists.
The survey indicated that households feel more optimistic about the outlook of the economy over the coming year.
(Reportin by Praveen Menon; Editing by David Gregorio) (([email protected]; +6448028163; Reuters Messaging: [email protected]; Twitter: https://twitter.com/Journopraveen))
News: WBC New Zealand consumer confidence rises in Q2
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