WELLINGTON, March 31 (Reuters) - Consumer confidence in
New Zealand fell in March compared with the prior month as
consumers remain wary, ANZ-Roy Morgan data showed on Friday.
The consumer confidence index fell to 77.7 points in March
from 79.8 in February. A reading above 100 shows optimism, while
below that indicates pessimism.
"Consumers remain very wary, understandably. Interest rates
have risen rapidly (though it’s been a while since a generalized
round of increases), the cost of living is reducing their
purchasing power, and now there are alarming headlines about
banks, albeit faraway ones," ANZ said in a statement.
(Reporting by Lucy Craymer
Editing by Chris Reese)
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