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The ANZ-Roy Morgan consumer confidence index has failed to launch after last week’s federal budget, rising only 0.8% on the back a strong lift in sentiment across Sydney after it avoided another COVID breakout.
The index is now tracking right on the historical average:
Consumer confidence is tracking at the historical average, but failed to launch post Budget.
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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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