Retail in Asia

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NZ consumer confidence eases in May

Consumer confidence in New Zealand softened in May as near term optimism about personal and broader economic outlooks receded, a survey showed on Friday.

The ANZ-Roy Morgan consumer confidence index fell to 123.9 from 128.8 in April. A reading above 100 shows optimism, while below 100 indicates pessimism.

The survey showed consumers feeling less well off financially than a year ago, and fewer expecting to be better off next year.