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AUSTRALIA
AUSTRALIA: Alongside the release of the weekly ANZ consumer confidence data, ANZ
noted "The strength in confidence last week was encouraging. Overall sentiment
is now around the levels seen during the GFC , while a number of the sub-indices
have returned to levels that, while still low, are within the previous
historical experience. We think the gain over the past week is predominantly
attributable to the further easing of COVID-19 restrictions and optimism
surrounding the daily new cases figure. There is a long way to go before
sentiment gets to levels where people can be said to be optimistic, however. The
weakness in inflation expectations continues and could be a lasting feature of
the pandemic."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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