Australia: Consumer Confidence up a notch – ANZ
|Australia’s ANZ-Roy Morgan Consumer Confidence gained 0.3% last week, its second straight weekly gain, notes the research team at ANZ.
Key Quotes
“Financial conditions were mixed, with current finances down 3.3% after a strong rise in the prior week and future financial conditions gaining 1.3%. Both measures of financial conditions are above average.”
“Economic conditions were also mixed. Current economic conditions fell 2.7%, the fifth consecutive decline, while future economic conditions rose 3.8%. Both the sub-indices are below average.”
“The ‘Time to buy a major household item’ sub-index gained 1.7%. This follows a rise of 4% in the previous week. The four-week moving average for inflation expectations rose by 0.1ppt to 4%.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.