ANZ-Roy Morgan Australian Consumer Confidence up 2% to 114.8 despite political uncertainty

Original article by Roy Morgan Research
Market Research Update – Page: Online : 15-Nov-17

ANZ-Roy Morgan Australian Consumer Confidence bounced 2.0% to 114.8 in the week ended 12 November 2017, its highest level in seven weeks. The rise was primarily driven by a lift in sentiment towards economic conditions, only slightly offset by a fall in sentiment towards current financial conditions. Households’ views towards both current and future economic conditions rose 3.5% and 7.0% respectively. Views towards current conditions are at their highest point in 14 weeks. Meanwhile, households were slightly more pessimistic (-0.9%) regarding the state of their current finances. Encouragingly, views towards future conditions remained unchanged following three consecutive falls. The four-week average for the "financial situation next year" subindex currently sits under its long-term average (122.6 vs 123.4).

CORPORATES
ROY MORGAN RESEARCH LIMITEDAUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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