Australia weekly consumer confidence survey shows a tiny rise

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Australia weekly consumer confidence survey shows a tiny rise

ANZ-Roy Morgan weekly survey of Australian Consumer Confidence rose just 0.2% from a very low level. 81.8ANZ comment: steadied as concerns about t

ANZ-Roy Morgan weekly survey of Australian Consumer Confidence rose just 0.2% from a very low level.

81.8

ANZ comment:

  • steadied as concerns about the economic outlook ebbed, likely driven by the strong labour market print
  • High inflation and rising interest rates are feeding into households’ weak assessment of financial conditions

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