Talk Money: April 5, 2016
New Zealand workers are becoming more optimistic about the economy.
The Westpac-McDermott Miller Employment Confidence Index rose 3.3 points to 104.8 in the March quarter, A reading of more than 100 means there are more optimists than pessimists.
It is the second quarter in a row in which optimism has improved. The Index is now just above its five year average.
The survey found the rise in confidence is largely being driven by Auckland and Canterbury. Confidence is stronger in the cities than it is in rural areas.
The survey has been released as economists at ASB predict the Kiwi will rise above 70 US cents.
It is trading this morning at 68.5 cents.