16 Jun 2014

Consumer confidence still buoyant

1:42 pm on 16 June 2014

Consumer confidence has slipped slightly but remains very high, the latest survey has found.

The Westpac-McDermott Miller quarterly Consumer Confidence Index declined less than 1 point to 121 in the June quarter. A reading above 100 indicates optimism.

Westpac's economists sai households remain buoyant, despite rising interest rates and a fall in dairy prices.

The survey of 1565 people was conducted from 1 June to 10 June and has a margin of error of 2.5 percent.