Original article by Roy Morgan
Market Research Update – Page: Online : 19-Feb-20
ANZ-Roy Morgan Australian Consumer Confidence rose 1.2% to 109.1 in the week ended 16 February, with the bushfires over and Australians going back to business. Consumer Confidence increased and more than reversed last week’s loss, continuing the recent sawtooth pattern. The gains have been a little more than the losses, so the index reached its 2020 high last week. Current finances gained 2%, while future finances were down 0.1%. Current economic conditions gained 6.5% compared to a fall of 4.1% in the previous week, while future economic conditions were flat. The ‘Time to buy a major household item’ subindex fell 0.9%, adding to the loss of 5% seen in the previous reading. The four-week moving average for inflation expectations fell by 0.1ppt to 4.0%, while the weekly reading remained stable.
ROY MORGAN LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ