RTTNews - New Zealand's consumer confidence index climbed to 106 in the second quarter from 96 in the first quarter, reports said Wednesday citing the latest Westpac McDermott Miller survey. The index reached a 18-month high in the second quarter and was also much higher than the low reading of 81.7 seen in the second quarter of last year.
A reading above 100 indicates optimists outnumber the pessimists, while a reading below 100 signifies pessimists outnumber the optimists.
The survey showed that while unemployment was still rising, consumers' outlook about the economy has improved from the previous survey.
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