ANZ-RM consumer confidence sticks to average

Monday 8 September 2014

The ANZ-Roy Morgan Research (RMR) consumer confidence index rose marginally in the week ended 7 September, rising by 0.7 points (0.6%) to 113.3, taking it just above its long-run average reading of 113.2 (see next chart).

This week’s increase was driven by an improvement in consumers’ outlook toward their financial situation.

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

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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.