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The weekly ANZ-Roy Morgan Consumer Confidence Index has been released, with confidence rebounding 3.7%; albeit remains at recessionary levels:
According to ANZ Head of Australian Economics, David Plank:
Consumer confidence increased 3.7% last week, possibly helped by the state budget initiatives in NSW and Queensland. Confidence increased by 4.3% and 5.2% in NSW and Queensland respectively.
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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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