Consumer confidence in New Zealand edged down in the first quarter, a survey showed on Monday, as households reacted to troubles with the global economy.
The Westpac-McDermott Miller consumer confidence index fell to 109.6 from 110.7 in the previous quarter. A reading above 100 indicates more optimists than pessimists.
"It's not surprising that there's been some pull back in confidence in recent months, Satish Ranchhod, senior economist at Westpac, said in a research note.
"Much of this was related to signs that conditions in the global economy have deteriorated, signalling tougher times ahead for many in the export sector."
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The Westpac-McDermott Miller consumer confidence index fell to 109.6 from 110.7 in the previous quarter. A reading above 100 indicates more optimists than pessimists.
"It's not surprising that there's been some pull back in confidence in recent months, Satish Ranchhod, senior economist at Westpac, said in a research note.
"Much of this was related to signs that conditions in the global economy have deteriorated, signalling tougher times ahead for many in the export sector."
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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