Free Trial

MNI:Australia ANZ-Roy Morgan Consumer Sentiment +2.1% Aug26 Wk

     SYDNEY (MNI) - Consumer confidence rose 2.1% in the week to August 26,
recouping more than half the decline seen the week prior and likely reflecting a
sense of relief over the resolution of the political leadership crisis, data
from ANZ-Roy Morgan showed.
     Confidence had fallen 3.5% the week before on reports of political turmoil
in Canberra. The drama unfolded at the start of last week and while it resulted
in a change of leadership and loss in political polls for the Liberal party,
households might be cheering the resolution.
     From ANZ-Roy Morgan weekly consumer confidence data published Tuesday:
                                    August 26  August 19
--------------------------------------------------------
Consumer Confidence Index               116.5      114.1
Long-run Average                        113.0      113.0
Financial Situation Vs Yr Ago           108.7      107.4
Financial Situation Next Yr             123.3      119.6
Economic Conditions Next Yr             109.4      106.3
Economic Conditions Next 5 Yrs          114.7      108.1
Time to Buy Major Household Item        126.5      129.3
Inflation Expectations 2-Yrs Ahead       4.3%       4.4%
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE,MALDS$,M$A$$$,M$L$$$]

To read the full story

Close

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.