Every year, consumer confidence surveys perk up as households bask in the afterglow of the holiday season and make New Year’s resolutions, creating a brief rise in optimism that conditions might be better in the year ahead.
According to the latest data from the ANZ-Roy Morgan Consumer Confidence Index, this year might be a little bit different.
Consumer confidence did indeed rise as seasonality would suggest, up 3 percentage points to 84.5. But this is still a deeply anaemic result.
