Australia – ANZ-Roy Morgan weekly consumer confidence down 0.8% to 112.6 (prior 113.5) for the week ending August 31

Comments from ANZ:

  • Confidence remains around long-run average levels
  • Is supportive of moderate growth in household spending in 2014
  • For this latest survey, the key drag last week was a 5.5% fall in household perceptions about their ‘financial situation compared to a year ago’ (the subindex most closely correlated with consumer demand) – partially reversing the previous week’s 11.1% surge.
  • But it remains above average and point to strengthening consumer spending