Consumer confidence hits 22-month high

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By Leith van Onselen

The ANZ-Roy Morgan Research consumer confidence index rose another 1.4 points in the week ended 8 November to be tracking above its long-run average of around 113 points (see next chart).

ScreenHunter_10229 Nov. 10 09.52

The index is now at its highest level since January 2014.

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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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