RM/ANZ consumer confidence firms

ScreenHunter_15 Mar. 18 16.24

By Leith van Onselen

The ANZ-Roy Morgan Research (RMR) consumer confidence index has bounced back following two consecutive weeks of falls, rising by 4.0 points (3.7%) to 112.5, taking it just below its long-run average reading of 113.2 (see next chart).

ScreenHunter_3831 Aug. 19 10.04

This week’s bounce was driven by improved sentiment of where household finances are now compared to a year ago and where they will be on a 1 and 5 year time frame.

The below chart plots the most recent Westpac-Melbourne Institute Consumer Sentiment index against the ANZ-RM Consumer Confidence index:

ScreenHunter_3832 Aug. 19 10.05

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  1. Several times in the past couple of months here in Adelaide shop owners have mentioned how crap business is. I don’t know about the rest of the nation, but Adelaide is an economic dead zone.

    Maybe I could have shortened that by just saying ‘Adelaide’.