Australian weekly consumer confidence lower @ 83.1

  • Prior week was its best in 6 months at 84.4

ANZ-Roy Morgan Australian Consumer Confidence Index

ANZ comment on the result:

  • The fact that consumer confidence held onto most of last week’s sizeable 5.9pt gain suggests households may be seeing the benefits of the Stage 3 tax cut

Yes, tax cuts and an expected further boost yet to come from various ‘cost of living’ support measures are supporting consumer sentiment.

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