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The weekly ANZ-Roy Morgan consumer confidence survey has been released, with confidence basically unchanged (-0.01 points) from last week and the strongest result since August 2019.
The consumer confidence index (114.0) is also up by 35.4% from the same period in 2020 and is running above the historical average of 112.6:
Consumer confidence is running at the highest level since August 2019.
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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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