"Consumer confidence increased by 1.0 per cent nationally as Sydney was poised to come out of its long lockdown." ANZ Head of Australian Economics, David Plank said.
"Confidence in the city rose by 2.5 per cent, along with gains in Brisbane (14.4 per cent) and Perth (3.1 per cent). This rise was partially offset by a drop in confidence in Adelaide (-3.4 per cent) and Melbourne (-3.6 per cent)."
"The dampened outlook in Melbourne may reflect rapidly rising COVID case numbers in the city. Given that more than 84 per cent of the adult population in Victoria has been vaccinated at least once, the daily cases should peak soon, which should provide a boost to Melbourne ahead of its reopening."
"Sentiment in Sydney and NSW could also rise on a successful reopening, though we do note that confidence in Sydney is already a touch above its average for 2021."