Original article by Roy Morgan
Market Research Update – Page: Online : 29-Aug-18

ANZ-Roy Morgan Australian Consumer Confidence rose 2.1% to 116.5 in the week ended 26 August, following a 3.5% decline in the prior week. Households’ views towards current financial conditions improved 1.2%, largely recovering from the 1.3% fall in the previous week. Sentiment towards future financial conditions bounced a solid 3.1%, partially reversing the 7.6% tumble in the week prior. Consumers were also more optimistic about current economic conditions – their assessment improved 2.9%, ending the subindex’s streak of weekly declines. Of particular note, views towards future economic conditions jumped 6.1% – more than reversing the previous week’s 5.3% decline and bringing the subindex to its highest value in six weeks. The "time to buy a household item" subindex slipped 2.2% to 126.5, compared with a long-term average of 134.0.

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