WELLINGTON May 23 New Zealand consumer
confidence fell to a six-month low in May, a survey showed on
Friday, with consumers more cautious as the central bank raised
rates to contain inflation in a strongly growing economy.
The ANZ-Roy Morgan consumer confidence index was 127.6 from
133.5 in April. It hit a seven-year high of 135.8 in January.
A reading above 100 shows optimism, while below 100
The survey showed consumers were less optimistic about their
own financial positions, as well as the near- and longer-term
Expectations of consumer price inflation eased a shade, with
prices seen rising 3.1 percent over the next two years - the
lowest in nearly two years - from 3.2 percent in the previous
(Reporting by Gyles Beckford; Editing by Paul Tait)