Weekly consumer sentiment data from Australia
- A volatile data point this one, after last week's big jump a bit of a dip this week
- Above its long run average (see the pic, below - the dotted near horizontal line around 112.8)
- The 4 week moving average is also above the long run average
The weekly release does not tend to move AUD markets to much extent at all
Commentary from ANZ:
- Watching this week's August retail sales data to give an idea as to whether the recent strength in confidence has translated into stronger spending
- Retail sales have been soft
- Consumer spending growth "stepped down" in Q2
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Note- Retail sales data is out tomorrow (Wednesday Australia time .... 0030GMT)