"This week’s 3.4 per cent up-tick in confidence, coming on the back of the previous week’s 3.2 per cent rise, is a pretty strong result – especially as it is the 11th gain in a row," ANZ Head of Australian Economics, David Plank said.
"The rise comes on the back of gains across the major subindices and takes overall confidence to its highest level since February."
"The news about the successful vaccine trial no doubt played a major role. The strong result points to a potentially strong Christmas season ahead for retailers."
"The outbreak of local transmission in South Australia reminds us that we aren’t in the clear just yet, but the trend in confidence is very encouraging."