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The ANZ-Roy Morgan weekly consumer confidence report has been released with the confidence index rising by 1.5% to 114.2 – the highest weekly reading since the pandemic began:
Highest consumer confidence reading since the pandemic began.
The boost was driven by a sharp 4.6% lift in ‘current financial conditions’, with only 23% of responders voting that they are ‘worse off’ financially than this time last year.
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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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