Australia data - ANZ Roy Morgan weekly consumer sentiment
To 115.6, a big jump on the previous week
Highest in more than 12 months
ANZ say
- The gains were broadly based
- Consumers views towards whether 'now is a good time to buy a major household item' was up modestly (0.6%) but this sub-index has been falling in recent weeks, and is now 5% below its long run average, consistent with signs of an easing in the housing market
- Turnbull government a factor in boost in confidence
- "To sustain confidence at this level, however, the government needs to present a clear economic story to the country. This is necessary in the current economic environment, where there are numerous headwinds to sentiment and economic activity including soft wages growth, weak investment and an easing outlook for the housing sector."
