Consumer confidence rises slightly in August
Consumer confidence rose only marginally in the latest ANZ-Roy Morgan survey.
Consumer confidence rose only marginally in the latest ANZ-Roy Morgan survey.
The 0.7 percent rise in the survey index to 116.3 in August went against the trend of declines in the previous two months. But the level remains below the historical average of 119.4 and is still close to the lowest reading in almost a year.
The current conditions index was essentially flat at 103.7, while the future conditions index rose slightly to 124.7.
Fewer people were feeling financially better off compared to a year ago, the survey's authors said.
They said this may be a sign that higher household running costs are starting to bite.
"This may weigh on spending decisions in the near-term. However, there was an improvement in intentions to purchase a major household item, which point to ongoing but modest growth in retail sales," the report said.
NZPA
Thu, 19 Aug 2010
Thu, 19 Aug 2010
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Consumer confidence rises slightly in August
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