24 Jul 2013

NZers predicted to increase savings

7:39 pm on 24 July 2013

Australasia's oldest credit information bureau says New Zealanders will increase their savings in the coming months, despite low interest rates and signs the economy is picking up.

Dun & Bradstreet's consumer credit expectations survey shows 39% of people say they are more likely to save money in the next three months compared to the same time last year.

The bureau's economic advisor Stephen Koukoulas says New Zealanders have held the same level of savings intentions for three consecutive quarters now.

He says the hangover from the global financial crisis has made people more cautious.