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The ANZ-Roy Morgan consumer confidence index brushed aside the nation’s growing COVID outbreak, recording only a slight 0.2% fall to 112.2 to be tracking just below the historical average of 112.6:
However, the index only partially captured the impact of all the various restrictions and lockdowns imposed across the states, given most of the survey was completed prior to the lockdown announcements.
Hovering around long-run average.
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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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