ANZ Roy Morgan weekly Consumer Sentiment (for the week ended August 2) 112.9

  • prior was 112.5

From ANZ:

  • Consumer views about their current financial conditions reach highest level in the history of the survey ... Could be signaling that more confident to spend
  • But confidence remains below the levels seen for much of May-June period ... highlights how vulnerable consumers are to bad economic news
  • "Australian consumers are happy with their financial position but are very worried about the outlook.
  • High debt levels across the household sector, the weakest income growth since the 1960s, a flat labour market, and concerns over retirement incomes are all apparently at work here
  • In this environment we expect consumer demand to remain on an even footing but will not grow strongly"