Australia: Confidence lifts a touch amidst difficult circumstances – ANZ

Australia’s ANZ-Roy Morgan Australian Consumer Confidence was lifted by 2.2% after a fall of 4.6% last week, but the index is still below the long term average of 113.1, notes the research team at ANZ.

Key Quotes

“Current financial condition jumped by 6%; the increase comes after the falls in the previous three readings. Future financial conditions were also up by 1.7%.”

“Current economic conditions were up 4.8% after the sharp fall of 7.9% last week. Future financial conditions were up marginally by 0.1%.”

“The ‘time to buy a household item’ fell by 0.5%, its third consecutive fall. Four-week moving average inflation expectations were stable at 4%.”