Australia: Consumer Confidence down a notch – ANZ

Sandeep Kanihama FXStreet Contributor

Australia’s ANZ-Roy Morgan Consumer Confidence fell marginally by 0.3% last week, consolidating at an above average level, notes the research team at ANZ.

Key Quotes

“Current finances were up by 2.6% for the week, while future finances gained 2.4%. Both are above average.”

“In contrast, the economic conditions sub-indices were down – with current economic conditions falling 4.3%, closing below its long-term average, while future economic conditions lost 0.3%.”

“The ‘time to buy a major household item’ index fell 2.6%, its second consecutive decline. The four-week moving average for inflation expectations was stable at 4.0%.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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