More progress as Victoria reopening and vaccines drive gains:
ANZ-Roy Morgan Aus Consumer Confidence: This week’s 3.4% up-tick, after last week’s 3.2% rise, is the 11th gain in a row, hitting the highest level since February. The strong result points to strong Christmas spending. #ausecon #ausretail @DavidPlank12 @roymorganonline pic.twitter.com/sLTbiHWxQ3
— ANZ_Research (@ANZ_Research) November 16, 2020
Obviously, the result still points to weak Xmas spending but these bank economists can’t help themselves.
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