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The ANZ-Roy Morgan Research (RMR) consumer confidence index has been released for the week ended 30 March, which was essentially flat (down 0.2 points) to be a touch above its long-term average, but well below the highs reached after last year’s Federal Election:
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The sub-indices were mixed last week, with perceptions of ‘economic conditions over the next five years’ falling modestly, while ‘financial situation compared to a year ago’ rose relatively sharply.
Below tracks the ANZ-RM index against the monthly Westpac-Melbourne Institute consumer sentiment index, whose most recent reading for March registered a fall:
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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.
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