Australia: Confidence jumps to its highest for 2019 – ANZ

Australia’s ANZ-Roy Morgan Consumer Confidence has jumped by a healthy margin of 3.6% last week, taking the index to its highest level since December, notes the research team at ANZ.

Key Quotes

“Current finances were also up 3.6% to 109.2, which is an eight-month high. Future financial conditions were up by 5.2%, its fourth straight weekly gain.”

“Current economic conditions rose by 2%, while future economic conditions jumped by 7.7%. Future economic conditions are now the highest since 2013.”

“The ‘time to buy a household item’ was flat. Four-week moving average inflation expectations were stable at 4.0%. The weekly reading rose by 4.2%, however, reversing much of the prior week’s decline.”