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ANZ: Easing Restrictions Lift Activity

AUSTRALIA

ANZ note that "overall activity has continued to lift, supported over the last week by easing restrictions in NSW and the ACT. The index is still some way from neutral, but with Melbourne about to start easing restrictions, we are confident there will be increases in coming weeks. Things are looking up. Google searches for "government support" are now at the lowest point since the Delta outbreak began. Interest in flights to Brisbane surged after the Queensland Government announced its border reopening roadmap, with the intention of opening before Christmas to fully vaccinated individuals, without the need to quarantine. The end of lockdowns in some states may have helped boost housing market confidence, with housing related searches jumping sharply over the last fortnight."

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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