Consumer confidence lifts closer toward historical average

Wednesday, 3 February 2021

Confidence consolidates

Consumer confidence rose a modest 0.8% last week, consolidating last week’s bigger gain. The gains came on the back of an improved assessment of ‘financial conditions’, while ‘economic conditions’ pulled back following its strong surge the week prior. Confidence is close to its long-run average.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.