ANZ Roy Morgan weekly Consumer Sentiment for the week ended November 16, at 113.0
- prior was 114.8
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AUD … not bothered
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ANZ comments:
- Confidence remains around long-run average levels
- Lack of momentum in recent months
- Is consistent with moderate growth in household consumption
- “The loss of momentum this year may result from sustained weakness in wages growth which may be leaving households in doubt about their capacity to absorb financial shocks and increasing their sensitivity to negative economic news. Nonetheless, there are still good reasons to expect a modest strengthening in confidence and spending into 2015 including a lower AUD, stronger US growth, rising house prices and an improving labour market”
