Despite everything ANZ-Roy Morgan Consumer Confidence virtually unchanged at 108.5

Original article by Roy Morgan
Market Research Update – Page: Online : 5-Feb-20

ANZ-Roy Morgan Australian Consumer Confidence edged 0.5% higher to 108.5 in the week ended 2 February, reversing the previous week’s decline. However, it remains well below average. Overall financial conditions were little changed, with offsetting moves in current and future finances. Current economic conditions gained 2.1%, while future economic conditions declined 2.5%. The ‘Time to buy a major household item’ subindex gained 2.7%, following a decline of 2.4% previously. The four-week moving average of inflation expectations was up by 0.1ppt to 4.0%; the weekly reading rose to 4.2%, its highest level since early September.

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

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