Consumer sentiment remains in the doldrums.

ANZ:

  • ANZ-Roy Morgan Aus Consumer Confidence dropped by just 0.2% last week despite the RBA's interest rate rise. Confidence of mortgage holders dropped by 5.0%, while outright owners and renters rose by 1.3% and 2.6% respectively.

---

There was data out a little earlier from Commonwealth Bank of Australia. The CBA measure of household spending for April.

  • -3.8% m/m vs. March was +9.2%
  • and +5.0% y/y (prior +5.6%)