NZ employee confidence inches up to 113.9 in Q4 - Westpac survey

By Kitco News / January 15, 2018 / www.kitco.com / Article Link

WELLINGTON, Jan 16 (Reuters) - New Zealand employee confidence edged up to its highest since before the 2008 global financial crisis in the fourth quarter, a survey showed on Tuesday.

The Westpac-McDermott Miller employee confidence index inched up to 113.9 in the three months to the end of December, from 113.8 in the previous quarter.

Optimism towards strong jobs growth was still warring with low wage inflation, however.

"New Zealand workers are reporting that jobs availability is the best it's been in nearly a decade...," said Satish Ranchod, senior economist at Westpac, in a research note accompanying the release.

"Despite this improved jobs outlook, most households remain pessimistic about their chances of getting a pay rise in 2018."

A reading above 100 indicates more optimists than pessimists.



(Reporting by Charlotte Greenfield)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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