Australia: Marginal improvement in consumer confidence - ANZ
|ANZ-Roy Morgan Consumer Confidence for the Australian economy was essentially unchanged last week, gaining just 0.1%, notes the analysis team at ANZ.
Key Quotes
“Within this stable headline result there was quite a bit of movement in the sub-indices. Those relating to personal financial conditions were stronger, while those looking at the economic outlook fell.”
“Current financial conditions rose by 4.7%, while future financial conditions gained 0.2%. Both financial condition sub-indices have been positive for two straight weeks.”
“Economic conditions were weak, with current economic conditions down 6.9% and future economic conditions falling 5%. Both the sub-indices are below their long-term averages.”
“The ‘Time to buy a major household item’ was up sharply, jumping by 6.1%. It has not been above its current level since July last year. The fourweek moving average for inflation expectations rose to 3.9%.”
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.