NZ consumer confidence dips as economic outlook worsens

Source: WBP Online
© AP
The New Zealand consumer confidence fell to the lowest level in 7 months, as prospects for short-term and long-term economic outlook dropped 3 and 5 points, respectively, leading the Consumer Confidence Index to dip by 4 points to 116.2 points. An indicator higher than 100 points shows optimism, however, a drop under 100 points suggests a pessimistic sentiment.
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