ANZ Roy Morgan weekly Consumer Sentiment for the week ended January 25, 113.2

Notes and comments from ANZ:

  • Negative news headlines around the AUD may have contributed to fall in confidence
  • Evident in the drop for the sub-index on confidence in economic outlook which is most correlated to dollar
  • Surprising jump in “household finances compared to a year ago” (up 5.1%) but ANZ say the data is volatile, will be looking for the momentum to sustain in coming weeks
  • Say that further stimulus is required to boost “animal spirits” in the consumer sector … “Consumer confidence has been steady around its long-run average for around six months with surprisingly little volatility. It appears that the impetus from continuing asset price gains and lower petrol prices is being outweighed by concerns about job security, weak wages growth, a lower AUD (which reduces spending power on overseas goods and travel) and concerns about the Federal government budget.”