ANZ-Roy Morgan Australian Consumer Confidence up 2.3% to 117.9

Original article by Roy Morgan
Market Research Update – Page: Online : 28-Feb-18

ANZ-Roy Morgan Australian Consumer Confidence rose 2.3% to 117.9 in the week ended 25 February, partially recovering from the 3.5% fall the previous week. The details were broadly positive, with four out of five sub-indices posting gains. Views towards current economic conditions firmed 0.4% after sharp losses in the previous two weeks. While views toward current economic conditions have only stabilised after these falls, they remain above their-long term average. Consumers were more optimistic about future conditions, with this sub-index bouncing 6% and almost offsetting the 8.8% drop in the previous week. Views towards current finances jumped 6%, bringing the sub-index to a six-week high of 110.4. The recovery in sentiment around future conditions was more modest (1.5%), offsetting the 1.3% fall in the previous week.

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

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