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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
The ANZ-Roy Morgan measure of consumer confidence rose 0.9 points in the week ending January 29 to bring the 4-week average to its highest since June 2022. It has now risen 3 of the 4 weeks recorded for January and while still depressed appears to have troughed, suggesting that consumers may be proving more resilient than expected in the face of rising rates and cost-of-living.
- Inflation expectations fell to 5.1% from 5.7% bringing the 4-week average to its lowest since end September. It is worth noting that national petrol prices fell in the survey week for the third consecutive week, which likely helped to reduce inflation expectations despite last week’s elevated inflation report.
- The improvement in confidence was broad-based with 4 of the 5 components rising and only “current economic conditions” down.
- “Time to buy a major household item” rose 1.4 points after falling 4.7 points over the previous two weeks.
ANZ/Roy Morgan consumer sentiment
Source: MNI - Market News/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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