Australia – ANZ Weekly Consumer Sentiment rises 2.4% to 105.7

Australia – ANZ/Roy Morgan Weekly Consumer Sentiment rises 2.4% to 105.7 (for the week ending June 22)

• prior week was 103.2
• Up about 6% in the past month

Comment from ANZ on whether the strong results over the past 4 weeks is enough to confirm the decline since the budget newsflow (both pre-budget and post) will be reversed:

“The bounce we have seen in the past three weeks has not been large enough to make us comfortable that this will be the case. We would expect to see confidence recover another 3% to 5% over the next few months to be confident that the non-mining recovery remains on track”