WELLINGTON, June 1 (Reuters) - Consumer confidence in New Zealand inched up in May, after a sharp dip the previous month, a private survey showed on Friday.
The ANZ-Roy Morgan consumer confidence index rose to 121.0 after dropping 7.5 points to 120.5 in the previous month. A reading above 100 shows optimism, while below that indicates pessimism.
“Perceptions of current conditions are strong, but there is a degree of wariness about the future,” said Sharon Zollner, chief economist at ANZ Bank.
Expectations for consumer price inflation over the next two years eased slightly to 3.9 percent from 4 percent in the previous survey. (Reporting by Charlotte Greenfield and John Mair)