ANZ Roy Morgan weekly Consumer Sentiment for the week ended November 23, 114.3
- prior was 113.0
- Up 1.2% on the week
- the 4-week moving average is at 114.2, down 0.1 of a point
- Expectations of household finances over the next year +3.4%
- Economic conditions over the next five years +3.7%
- Time to buy a major household item at 133, down 2 points
ANZ comments (bolding mine):
- Perceptions of household finances compared to a year ago (this is the the sub-index most correlated with household spending … broadly steady in recent weeks … continues to point to a modest pick-up in household spending)
- “looking through the weekly volatility, confidence is gently drifting higher”
- “Job vacancies data last week showed labour demand in the non-mining sector continues to gradually improve, particularly in labour-intensive industries such as construction, health and retail. Alongside low interest rates and rising house prices, this should support consumer confidence and retail spending as we head into the Christmas season”
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Zero impact on the AUD
