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The ANZ-Roy Morgan consumer confidence index has been released with confidence lifting 0.3% in the weekend of 1-2 May following the end of Perth’s lockdown:
Consumer confidence is stuck around the long-term average.
The consumer confidence index (112.7) is now running around the historical average since 1990 (112.6); although the four-week average (113.3) is higher.
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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.