Original article by Roy Morgan
Market Research Update – Page: Online : 11-Dec-19
ANZ-Roy Morgan Australian Consumer Confidence rose 0.8% to 109.0 in the week ended 8 December, continuing the upward momentum of the previous week. Households’ views towards current financial conditions rose 1%, while views towards future financial conditions fell 3.9%. Consumers’ views toward current economic conditions rebounded from a four-year low, rising 3.9%; views towards future economic conditions gained 2.7%, but both remain well below average. The ‘time to buy a household item’ index gained 1.9%, building on the previous week’s gain of 5.3%, although it remains well below its long-run average. The four-week moving average of inflation expectations was down 0.1ppt to 3.9%, as the weekly reading softened to 3.9%.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ