Australia – ANZ Roy Morgan weekly Consumer Sentiment: 113.6 (prior was 112)

ANZ Roy Morgan weekly Consumer Sentiment, for the week ended January 18 …113.6

• prior was 112

• Up 1.4% on the week
• Now around its around its long-run average

ANZ commentary on the data:

• Says there is often a temporary seasonal uplift in confidence in January (note that this data is not seasonally adjusted)
• Lower petrol prices haven’t delivered as big of a bounce to confidence as expected
• “Indeed, ‘household finances compared to a year ago’ the subindex most correlated to household consumption, fell to a four-month low last week. This suggests that it’s unclear whether we will get a meaningful lift in consumption in the near-term”