Arab Today, arab today nz consumer confidence up despite global woes
Last Updated : GMT 00:40:41
Arab Today, arab today
Arab Today, arab today

N.Z consumer confidence up, despite global woes

Arab Today, arab today

Arab Today, arab today N.Z consumer confidence up, despite global woes

Wellington - AFP

Consumer confidence in New Zealand defied expectations to rise slightly in August, despite the turmoil engulfing world markets, a survey released Thursday showed. The ANZ-Roy Morgan New Zealand consumer confidence index rose 3.9 points to 113.3 points in August in a result ANZ economist Khoon Goh said showed surprising optimism about New Zealand\'s economic prospects. A figure above 100 represents optimism, while one below represents pessimism. Goh said the survey conducted from July 25-August 7 coincided with a rash of negative developments in offshore markets, including the political wrangling that led to the US credit rating downgrade and Europe\'s sovereign debt crisis. \"Given such a backdrop, one would have expected consumer confidence to have taken a knock,\" Goh said. \"The fact that it managed to rise shows that New Zealand consumers are largely brushing off offshore woes, for now anyway.\" He said figures released last week showing that New Zealand\'s unemployment rate remained steady at 6.5 percent in the April-June quarter were most likely responsible for consumers\' upbeat assessment of the economy. \"Given that the New Zealand equity market has taken a beating and house prices nationally are not really going anywhere, this leaves an improving jobs market as the most likely candidate for explaining the rise in confidence,\" he said. While the labour market has proved resilient, other economic data from New Zealand in recent months has indicated the farm-based economy is struggling to shake off the impact of a lengthy recession that ended in mid-2009. The inflation rate hit a 21-year high of 5.3 percent in the 12 months to June, as rising fuel and food prices pushed up the cost of living, while economic growth in the year to March was a modest 1.5 percent. New Zealand is also rebuilding its second largest city, Christchurch, after a devastating earthquake in February killed 181 people, with the cost estimated to reach NZ$15 billion ($12.3 billion).  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nz consumer confidence up despite global woes Arab Today, arab today nz consumer confidence up despite global woes

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nz consumer confidence up despite global woes Arab Today, arab today nz consumer confidence up despite global woes

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday