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Australia consumer confidence sharply rises, suggests upbeat start for households in 2017

Australia consumer confidence in the week ending 8 January jumped a sharp 5.9 percent, hitting the highest level in 15 weeks. The details were broadly upbeat, with views on economic conditions over the next 12 months and ‘now is a good time to buy a household item’ leading the gains.

Households’ views of economic conditions over the next 12 months bounced a solid 11.2 percent, almost entirely reversing last month’s decline. Household views of the economic outlook in the next five years rose 2.2 percent, reported ANZ in its daily report.

Households’ views towards their finances compared to a year ago rose 3.0 percent and now sits at the highest level since the end of September 2016, when the index reached a post-GFC high. Households’ views towards their future finances also improved, up 3.5 percent last week, and are in a strong upward trend, they added.

Meanwhile, the benchmark Australia's S&P/ASX 200 index traded 0.56 percent lower at 5,720 by 05:00 GMT, while at 5:00GMT, the FxWirePro's Hourly AUD Strength Index remained neutral at 56.94 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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October 24 09:00 UTC Released

EZMarkit Comp Flash PMI

Actual

55.9 bln EUR

Forecast

56.5 bln EUR

Previous

56.7 bln EUR

October 24 09:00 UTC Released

EZMarkit Serv Flash PMI

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54.9 bln EUR

Forecast

55.6 bln EUR

Previous

55.8 bln EUR

October 24 12:55 UTC 209209m

USRedbook MM

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-1.4 %

October 24 12:55 UTC 209209m

USRedbook YY

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3.6 %

October 24 12:55 UTC 209209m

USRedbook MM

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Previous

-1.4 %

October 24 12:55 UTC 209209m

USRedbook YY

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Forecast

Previous

3.6 %

October 24 13:00 UTC 214214m

MXFlash Trd Bal Non-EU*

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Forecast

Previous

-0.7 Bln EUR

October 24 13:00 UTC 214214m

MX1st Half-Mth Infl YY*

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Forecast

Previous

1.00 %

October 24 13:00 UTC 214214m

USIGAE Econ Activity MM

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Forecast

Previous

-0.7 %

October 24 13:00 UTC 214214m

MXIGAE Econ Activity YY

Actual

Forecast

1.50 %

Previous

1.00 %

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