Australia - ANZ weekly Consumer Sentiment: 116.6 (prior 115.2)

ANZ Roy Morgan weekly Consumer Sentiment for the week ended November 8

116.6 this week. Another solid result, continuing its recent run of gains, and to its highest since January of 2014

• prior was 115.2

Comments from ANZ:

• Mainly driven by an improvement in households' outlook on the economy
• Support for the Turnbull government in creating an improving narrative on the prospects for the economy
• "An important question is whether this lift in confidence can be sustained and translate into stronger consumer spending. A softening housing market, ongoing weak wages growth, and elevated unemployment will present a considerable headwind to the recent increase in optimism, making the government's economic policy platform even more important over the next 6-12 months."