Original article by Gary Morgan
Market Research Update – Page: Online : 16-Feb-16

The rise in Consumer Confidence to 113.6 in the week ended 14 February 2016 comes after Prime Minister Malcolm Turnbull appeared to rule out any prospect of a GST increase to 15 per cent being taken to the Australian electorate as part of the Government’s taxation reform package. The decision to look for other means to improve the Australian taxation system has given a boost to the confidence of Australian consumers who now don’t face the prospect of higher costs for goods and services that a higher GST would bring. As school leavers return from Summer holidays the next few months will determine whether they are able to find meaningful employment in a tough economic environment and this impact on Australia’s real unemployment – now at 10.3 per cent – 1.346 million in January – will also flow through as a forward indicator to the ANZ-Roy Morgan Consumer Confidence Rating.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET