Monday, November 4, 2013

A cautious rise in New Zealanders economic confidence

Consumer confidence in New Zealand is at its highest level in two years according to the latest global Neilson survey carried out between 14 August and 6 September. Consumer confidence indexed at 93 in the second quarter of 2013, increasing three points. (Confidence levels above or below a baseline of 100 indicate degrees of optimism and pessimism.)

"Confidence levels of New Zealanders are the highest we've seen in two years and nearly half of Kiwis (47%) now believe we are out of recession, an improvement of 12 percentage points in the last year," says Neilson NZ managing director Rob Clark.

Consumer confidence improvements were reported in Asia-Pacific (+2 to 105), North America (+2 to 96) and Middle East/Africa (+6 to 91). Europe's index held steady at 71.