"The government’s fiscal packages and the flattening of the pandemic curve are helping consumer confidence make further gains.," ANZ Head of Australian Economics David Plank said.
"Confidence is now up close to 20 per cent from the historic low reached over the last weekend in March. Despite this, it is still some way below the levels seen during the global financial crisis."
"The challenge for sentiment over the next few months is likely to be a deluge of poor economic data. We’ve already seen a taste of it this week, with the plunge in business confidence and conditions."
"March employment data, due out later this week, may deliver more bad news, though the fact the survey week for the report was in early March means it is likely to be some way short of the disastrous labour market data we unfortunately expect to see in coming months."