Original article by Roy Morgan Research
Market Research Update – Page: Online : 25-Oct-17
ANZ-Roy Morgan Australian Consumer Confidence rose 0.8% to 113.3 in the week ended 22 October 2017. This takes the index back above its long-term average. The gain was driven by improvements in expectations for the near- and long-term economic outlook. The outlook on economic conditions over the coming year improved by 4.3% to 103.5, the highest since July, and above the long-term average for the first time in two months. Expectations about economic conditions in the next five years rose 3.5%. Meanwhile, consumers’ views about current financial conditions fell for a second consecutive week, bringing the index value close to the long-term average. The outlook for future financial conditions fell by 0.9% after two consecutive positive readings in the prior weeks.
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ