ANZ Roy Morgan weekly Consumer Sentiment for the week ended May 3: 108.7

  • prior was 111.8

Comments from ANZ:

  • Broad-based deterioration over the week
  • Particular weakness in confidence in current conditions
  • "While we could see further weakness in sentiment in coming weeks, the government's intention to make this a 'dull' budget suggests any fall in confidence is unlikely to be as severe as in 2014"

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Still to come in Australia today:

  • Trade balance at 0130GMT
  • RBA decision announced at 0430GMT (preview, more,and Citi's view)