Australian Consumer Confidence at strongest since February – ANZ

Economists at Australia and New Zealand Banking Group (ANZ) offer key highlights of their Roy Morgan Australian Consumer Confidence data release.

Key quotes

Consumer confidence rose 1.9 pts, and the four-week moving average increased 0.6 pts.

Weekly inflation expectations’ softened 0.1 ppt to 5.1%, while the four-week moving average stayed at 5.2%.

Current financial conditions’ were up 3.2 pts rising above 70 for the first time since April.‘Future financial conditions’ increased 1.7 pts.

Current economic conditions’ rose 1.0 pt after two straight weeks of declines.‘Future economic conditions’ gained1.6 pts.