Australia – ANZ Roy Morgan weekly Consumer Sentiment, for the week ended October 19, down 1.9% for the week to 111.6

  • prior was 113.8


  • still around long-run average (for 10 straight weeks)
  • The index has shown a surprising lack of volatility

ANZ’s chief economist Warren Hogan said:

  • “Consumer confidence remains broadly stable with house price gains likely providing some offset to concerns related to recent sharemarket losses and volatility on global financial markets. Levels of confidence suggest that household spending is likely to grow moderately over 2014 and 2015. This argues for an extended period of monetary policy stability and we expect the RBA to leave the cash rate on hold until the middle of 2015.”