Australia: Consumer Confidence up a notch – ANZ

Sandeep Kanihama FXStreet Contributor

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%.”

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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