ANZ-Roy Morgan Australian Consumer Confidence surges to a 22 week high

Original article by Roy Morgan Research
Market Research Update – Page: Online : 2-Aug-17

ANZ-Roy Morgan Australian Consumer Confidence rose 2.9% to 118.4 in the week ended 30 July 2017, and now sits at its highest point since late February. Despite the jump in the headline index, the details were more mixed, with views towards economic conditions rising sharply but confidence in financial conditions easing a touch. Households’ views around current and future financial conditions slipped 1.2% and 0.9% respectively. Both sub-indices remain above or close to their long-term averages. Consumers’ views towards current economic conditions shot up 12.3%, bringing the sub-index to its highest point since September 2013. Views around future economic conditions rose 8.2%, following a 2.7% increase in the previous week.

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ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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