Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Australia’s weekly consumer confidence rebounds following recovery in current financial conditions

Australia’s ANZ-Roy Morgan consumer confidence was up 1.4 percent last week. Current financial conditions were up 2.8 percent, rebounding after three consecutive falls.

Future financial conditions registered the fifth consecutive increase, rising 2.0 percent. Economic conditions declined, with current and future economic conditions falling by 0.6 percent and 2.3 percent respectively.

There was a marked improvement in the ‘time to buy a household item’ index, with it registering 3.9 percent growth. This took the index to its highest level since the first half of October and above the long-run average. Four-week moving average inflation expectations were stable at 4.3 percent.

"Consumer confidence was up 1.4 percent last week thanks to a good showing from the ‘financial conditions’ and ‘time to buy a household item’ indices. This increase reverses a good portion of the decline captured in the first survey of 2019 and consolidates consumer confidence at a level comfortably above the long-run average. The resilience shown by Australian households amidst weak global and domestic cues is encouraging. Robust job vacancies data may have played a role," said David Plank, ANZ’s Head of Australian Economics.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-04-22 00:49:44
0m

April 19 12:30 UTC Released

USHouse Starts MM: Change

Actual

-0.3 %

Forecast

Previous

-8.7 %

April 19 12:30 UTC Released

USHousing Starts Number MM

Actual

1.139 Mln

Forecast

1.23 Mln

Previous

1.162 Mln

January 31 00:00 UTC 642418642418m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642418642418m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654238654238m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642418642418m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654238654238m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642418642418m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642418642418m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642418642418m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.