The weekly ANZ-Roy Morgan Consumer Confidence index has been released, which registered a 2.3% weekly rise to 111.2 points, moving the index toward the historical average (112.6):
Confidence in economic conditions surges
Consumer confidence rose 2.3% on back of a sharply improved assessment for both current and future economic conditions. The other details were mixed.
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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.
