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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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2017-01-20 15:26:23
0m

January 20 07:00 UTC Released

DEProducer Prices YY

Actual

1.0 %

Forecast

1.0 %

Previous

0.1 %

January 20 07:00 UTC Released

DEProducer Prices MM

Actual

0.4 %

Forecast

0.4 %

Previous

0.3 %

January 23 07:00 UTC 37803780m

TRConsumer Confidence*

Actual

Forecast

Previous

63.40

January 23 13:00 UTC 41404140m

SACPI YY*

Actual

Forecast

Previous

2.3 %

January 23 13:00 UTC 41404140m

SACPI MM*

Actual

Forecast

Previous

-0.2 %

January 23 13:30 UTC 41704170m

CAWholesale Trade MM

Actual

Forecast

Previous

1.1 %

January 23 15:00 UTC 42604260m

EZConsumer Confid. Flash

Actual

Forecast

Previous

-5.1 %

January 23 19:00 UTC 45004500m

ARAnnual Industrial Output*

Actual

Forecast

Previous

-2.5 %

January 23 21:00 UTC 46204620m

KRConsumer Sentiment Ind*

Actual

Forecast

Previous

94 bln $

January 24 00:30 UTC 48304830m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.4 %

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