Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jul-19

ANZ-Roy Morgan Australian Consumer Confidence rose 0.3% to 116.3 in the week ended 21 July. The financial and economic conditions subcomponents were positive, implying the detail was better than the headline suggested. Households’ views towards current financial conditions rose 2.8%, while views towards future financial conditions were up 0.3%; both indices are comfortably above their respective long-term average. Consumers’ views toward current economic conditions rose 3.4% and views toward future economic conditions rose 1%. The ‘time to buy a household item’ index was the only subindex that fell, dropping 4.4%. The four-week moving average for inflation expectations was flat at 4.0%, though weekly inflation expectations rose for the third consecutive week.

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