WELLINGTON, Aug 18 (Reuters) - Consumer confidence in New Zealand dipped in August as an upbeat mood about current conditions was slightly tempered by caution over the future, a survey showed on Thursday.
The ANZ-Roy Morgan consumer confidence index eased to 117.7 from 118.2 in the previous month.
“The economic choreography looks respectable so it's of little surprise to see consumer confidence holding at elevated level,” said ANZ New Zealand Chief Economist Cameron Bagrie.
He noted, however, the forward-looking indicator continue to "wax and wane" with a net 25 percent of respondents expecting to be better off financially in 12 months’ time, down 4 points on the month prior.
