New Zealand consumer confidence rose in November, with kiwis feeling more upbeat about the future and more people seeing better times financially over the next 12 months.
The ANZ-Roy Morgan Consumer Confidence rose to 114.1 in November from 110.5 in October. A reading above 100 indicates there are more optimists than pessimists.
The Current Conditions index edged up to 110.2 from 109.6 and has held around these levels since the start of the year, while the Future Conditions index climbed to 116.7 from 111.
"Households have become more circumspect over the future and have pared back lofty expectations on the general economic outlook as the reality of a moderate medium-term growth environment sinks in," ANZ senior economist Mark Smith said in a statement.
The survey has displayed "a zigzag pattern over the past year". A little changed current conditions index this year suggests "no push on the part of consumers to significantly increase household spending", he said.