Australia - ANZ Roy Morgan weekly Consumer Sentiment: 112.5(prior was 110.8)

ANZ Roy Morgan weekly Consumer Sentiment for the week ended March 1, 112.5

• prior was 110.8

Comments from ANZ:

• Confidence improved last week but remains at subdued levels
• Combination of poor job security, weak wages growth, and political instability

ANZ chief economist Warren Hogan:

• "While the improvement over the last fortnight is encouraging, it is too early to determine if confidence will sustainably lift from here.
• Indeed, trends in recent months suggest otherwise, with confidence having moved broadly sideways over the last six months despite a number of positive factors such as lower interest rates, falling petrol prices and rising house prices.
• The key question remains whether renewed momentum in asset values can support a sustained lift in confidence over the coming year without an improvement in the labour market and wages growth."