Australia weekly consumer confidence rose 4.9%

ANZ-Roy Morgan Australia Consumer Confidence data, a weekly survey.

  • Showed some recovery last week, rising to 84.2 (last week it hit its lowest since April 2020)

ANZ comment:

  • the losses after the RBA’s August rate hike more than reversed
  • We think labour market strength was the driver, but we aren’t getting carried away
Australia consumer confidence 16 August 2022

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