WELLINGTON, March 22 (Reuters) - Consumer confidence in
New Zealand improved slightly in the first quarter but even so
continues to languish at extremely low levels as households
grapple with rising living costs, a survey showed on Wednesday.
The Westpac-McDermott Miller consumer confidence index rose
to 77.7 from 75.6 in the previous quarter. A reading above 100
indicates more optimists than pessimists.
“Higher living costs are squeezing every household across
the country,” said Westpac Senior Economist Satish Ranchhod.
(Reporting by Chris Reese)
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