Original article by Roy Morgan Research
Market Research Update – Page: Online : 31-May-17

ANZ-Roy Morgan Australian Consumer Confidence rose 1.5% to 112.2 in the week ended 28 May 2017, bringing the index back to levels before the Commonwealth Budget. The improvement in confidence was mixed – sentiment towards financial conditions deteriorated somewhat, while views around economic conditions rose solidly. Households’ expectations towards both current and future economic conditions bounced last week (3.5% and 4.6% respectively), after posting modest rises the previous week. Sentiment towards current economic conditions is at its highest value in seven weeks. Households’ views around current financial conditions were broadly flat (-0.1%). Meanwhile, views towards future conditions dropped 1.7%, offsetting the 1.5% rise in the previous week. Confidence in overall financial conditions has fallen sharply since the Commonwealth Budget, unwinding the modest recovery in April.

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