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Consumer confidence: confidence highest since late July

ANZ-Roy Morgan Australian Consumer Confidence rose by 1.9% last week, bringing the index to its highest level since late July.

ANZ’s Head of Australian Economics, David Plank, commented


“Confidence rose by 1.9% this week, pushing it to its highest level since late July and above the average for 2018 as a whole. This rise in confidence came despite ongoing strength in petrol prices as well as sharp weakness in equity markets. Regardless, the key takeaway is that consumer sentiment remains resilient despite a number of potentially negative influences. With the strength in the labour market providing clear support to confidence, this week’s employment numbers will be closely watched.”


Please see the attached document for further details. 

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