Australia - ANZ Roy Morgan weekly Consumer Sentiment: 114.5 (prior was 112.1)

ANZ Roy Morgan weekly Consumer Sentiment for the week ended June 14, 114.5

• prior was 112.1

• Consumer confidence bounced on the week
• Now above the long-run average (4-week average is at 113.4)

Comments from ANZ:

• "Consumer confidence bounced last week, reversing almost all of the fall in the previous three weeks
• The bounce in employment numbers and the fall in the unemployment rate seems to have sent a positive signal, which is being reflected in consumers' view towards future financial and economic conditions
• While a lift in consumer expectations is an encouraging sign, they remain well below long run averages and a sustained bounce is required to generate stronger growth in household spending
• While weak wages growth is helping to support better employment outcomes, it is difficult to see how an economy growing below trend can continue to create enough jobs to absorb solid growth in the labour force"