WELLINGTON, March 20 (Reuters) - Consumer confidence in New Zealand edged lower in the first quarter, a survey showed on Monday.
The Westpac-McDermott Miller consumer confidence index fell to 111.9 from 113.1 in the previous quarter. A reading above 100 indicates more optimists than pessimists.
"March's slight fall in confidence mainly reflected a little less optimism about the economic outlook over the next year," Westpac senior economist Satish Ranchhod said in a note sent with the survey.
"But while households may be a little less optimistic, they're certainly not pessimistic."
