Australia: Consumer Confidence rebounds – ANZ

Sandeep Kanihama FXStreet Contributor

Australia’s ANZ-Roy Morgan Consumer Confidence rebounded 1.2% from its multi-year low reading last week, its first gain in four weeks, notes the research team at ANZ.

Key Quotes

“The biggest gain in the sub-indices was the 5.3% jump in the ‘Time to buy a household item’, albeit from a ten-year low in the previous reading. The other sub-components were mixed.”

“Current finances fell 1.6%, while future financial conditions gained 4.2%.”

“Current economic conditions declined 4.1%, to its lowest point in four years. Future economic conditions gained 1%, though this comes after a cumulative loss of almost 10% over the prior two weeks.”

“The four-week moving average of inflation expectations was up 0.1ppt to 4.0% as the weekly reading jumped from 3.8% to 4.1%.”

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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