Consumer confidence jumps: ANZ

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Michael Mehr
(Australian Associated Press)

 

Consumer confidence rose over the weekend, an ANZ survey suggests, as respondents signalled optimism about the prospects for the economy even as they felt uncertain about their own finances.

The ANZ-Roy Morgan Australian Consumer Confidence index jumped 4.0 per cent from the previous week, with respondents’ perception of the country’s current economic conditions – including the outlook for the next 12 months – soaring 13.3 per cent following declines in the prior three readings.

But the weekly measure of sentiment, which is based on about 1,000 face-to-face interviews conducted on Saturdays and Sundays, recorded a 2.2 per cent fall regarding people’s current financial conditions and a 1.0 per cent rise about their finances over the next year.

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