WELLINGTON: Consumer confidence in New Zealand fell to its lowest in nearly two years during the fourth quarter, a survey showed on Monday, reflecting a fall in global dairy prices while the economy shows signs of slowing in the face of higher interest rates.
The Westpac-McDermott Miller consumer confidence index fell to 114.8 from 116.7 in the previous quarter.
A reading above 100 indicates more optimists than pessimists.
The survey indicated that fewer consumers expect to be better off in the coming year.
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