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ANZ-Roy Morgan Consumer Confidence: Strengthens Further

AUSTRALIA

Alongside the release of the latest weekly ANZ-Roy Morgan consumer confidence reading ANZ noted that "continued improvement in the local news around the pandemic and talk of early tax cuts and other fiscal measures in the Budget led to a gain in consumer confidence for the fifth straight week. Consumers are still pessimistic, but confidence is at its highest level since June. Melbourne saw a sharp uptick in confidence as the removal of the curfew helped in lifting sentiment, although it is still 8.6% below the neutral level of 100. Today's announcement on the fiscal details will heavily influence the direction of the index in the coming weekend."

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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