Consumer confidence lifts a little as virus falls

Monday 17 August 2020

Via ANZ:

ANZ-Roy Morgan Aus Consumer Confidence lifted after seven weeks of falls. With #confidence still well below average we aren’t getting too carried away by the positive result. #Consumers are still very cautious about the outlook. #ausecon #ausretail @DavidPlank12 @roymorganonline pic.twitter.com/3ofKtRKpRg

— ANZ_Research (@ANZ_Research) August 17, 2020

But:

Though the containment of COVID-19, outside Victoria, has so far been largely successful, overall, high frequency data shows the recovery in #activity around Australia is regressing after slowing in late June. #ausecon #altdata #ausretail @DimesHayden @DavidPlank12 pic.twitter.com/xqa3gmsbdH

— ANZ_Research (@ANZ_Research) August 13, 2020

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.