ANZ Roy Morgan weekly Consumer Sentiment
- prior 115.9
- Down 1.2% for the week
- Still above its long-run average (112.7)
Comments from ANZ co-head of Australian economics Cherelle Murphy:
- Says terrorist events overseas may have weighed on confidence
- Attributes elevated overall confidence to the current momentum in the jobs market
- Warns there are headwinds: eg. weak wage growth, slowing in the housing market
- Watch these, along with government tax reform proposals for an impact on confidence in coming weeks
