Original article by Roy Morgan
Market Research Update – Page: Online : 16-May-18
ANZ-Roy Morgan Australian Consumer Confidence rose 1.0% to 120.8 in the week ended 13 May, to its highest level in 14 weeks. The details were broadly positive, with four out of five subindices posting gains. Households’ views toward current financial conditions rose 0.7%, largely recovering from the 0.8% fall previously. Views towards future financial conditions rose 1.4%, partially reversing the 3.2% fall previously. Both subindices remain above their long term averages. Sentiment around current economic conditions rose 2.4% to 113.2, the highest level in 14 weeks. At the same time, views towards future economic conditions rose 3.7% to 117.5, the highest level in 15 weeks. However, the "time to buy a household item" subindex fell 2.7%, partially undoing the 5.0% gain in the previous week.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ