Australia ANZ Roy Morgan weekly Consumer Sentiment: 110.6 ( prior was 108.7)

ANZ Roy Morgan weekly Consumer Sentiment: 110.6

• For the week ended May 10
• prior was 108.7

ANZ comments:

• Better number this week due to RBA's cash rate cut last week
• Confidence remained below long run average ... and around 4% below levels six months ago

ANZ note declining investment, rising unemployment and low inflation

Say thus the federal budget (due tonight local time) will be important

• "Going forward, the sustainability of consumer confidence will be important in assessing whether rate cuts and new budget measures will ultimately lift household spending"