Original article by Roy Morgan
Market Research Update – Page: Online : 30-Aug-23

ANZ-Roy Morgan Consumer Confidence rose 2.3pts to 78.1 in the week to 27 August; however, it has now spent a record 26 straight weeks below the mark of 80. Consumer Confidence is now 6.9pts below the same week a year ago (85.0), and it is in line with the 2023 weekly average of 78.1. Consumer Confidence was up in the three largest States of New South Wales, Victoria and Queensland, but down slightly in both Western Australia and South Australia. Driving the improvement in the index this week were positive moves in sentiment related to both personal finances and the fortunes of the Australian economy over the next year.

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