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ANZ-Roy Morgan Australian Consumer Conf: Budget Provides A Boost

AUSTRALIA

Alongside the latest weekly ANZ-Roy Morgan Australian Consumer Confidence reading ANZ note that "consumers have given a thumbs up to the Budget, with sentiment rising 2.1% to its highest level since the last weekend of May. This is the second best postbudget gain in the last six years. There were healthy gains in 'future finances' and 'current' and 'future' economic conditions. Surprisingly, sentiment is weaker in New South Wales, including Sydney, than it is in Melbourne. Less surprisingly, confidence is strongest (and above neutral) in Perth. It is also above neutral in Tasmania and South Australia."

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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