Australia - ANZ Roy Morgan weekly consumer confidence, week ended October 25. In at a barely changed 113.4

  • prior 113.3

A reasonable result for a week that saw 3 of the 4 major Australian banks hike mortgage rates (with 1 moving the week prior)


ANZ commentary:

  • Consumer confidence consolidated just above its long run average last week
  • It's the economic outlook that worries them. For some time they have been without a positive narrative on the prospects for the economy. But a broadly stable unemployment rate over the past year, and the hope that Prime Minister Turnbull can deliver better medium term outcomes for the economy, are factors which look to have driven some improvement in households' economic outlook
  • The challenge will be to maintain this upward trend in an environment where the housing market looks to be slowing