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Alongside the release of the weekly ANZ...>

AUSTRALIA
AUSTRALIA: Alongside the release of the weekly ANZ Roy Morgan weekly consumer
confidence index, ANZ noted that "Confidence gained further last week despite
the shocking news that almost 600,000 Australians lost employment in April.
Massive fiscal stimulus and continued easing of pandemic induced restrictions
are providing an important offset to all the COVID-19 related gloom. As a
result, 'future financial conditions' is now only around 5% below the long run
average, though overall sentiment is closer to 20% below average. With more good
news about the easing of restrictions likely, it seems reasonable to expect
further gains in sentiment. Consistent with this, ANZ-observed card-spending
data shows household spending is holding up."
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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