The ANZ-Roy Morgan Australian Consumer Confidence index rose 0.4% to 92.7 in the week to 24 May, its eighth straight increase. However, it has a long way to go to return to ‘normal’ levels:
Confidence up 0.4%:
Confidence gained for the eighth straight week and is up 42% from its low point in March, when fears about the pandemic were at the most extreme.
The full text of this article is available to MacroBusiness subscribers
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.
