News: NZ consumer confidence ticks up in Q3- Westpac-McDermott Miller survey

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    WELLINGTON, Sept 19 (Reuters) - Consumer confidence in New Zealand rose slightly in the third quarter, a survey showed on Monday.

    The Westpac-McDermott Miller consumer confidence index was 108.0 in the third quarter versus 106.0 in the previous quarter. A reading above 100 indicates more optimists than pessimists.

    "Spring is finally here. The weather is warming up. It's sunnier in the mornings. And households are feeling a bit more upbeat. But just a little bit," said Westpac Senior Economist Satish Ranchhod.

    According to Ranchhod, while economic conditions are looking positive "there's still an air of nervousness about the economy's trajectory."

 
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