ANZ-Roy Morgan Australian Consumer Confidence: Budget Boosts Confidence in the Economy

Original article by Roy Morgan Research
Market Research Update – Page: Online : 19-May-15

The ANZ-Roy Morgan Consumer Confidence rating for Australia rose by 3.6 per cent to 114.6 in the week ended 17 May 2015, to the highest level since early November 2014. Confidence is up a cumulative 5.4 per cent over the last fortnight, suggesting a more positive reaction to the Federal Government’s Budget and the interest rate cut in May. Budget measures aimed at households and micro businesses were likely key reasons for the lift in confidence. This is in marked contrast to 2014, when a number of unpopular tightening measures saw confidence plunge to 99.3 in the weeks following the Budget.

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