This index has now hit a 13 month high, to 123.2 (March was 121.8)
i.e highest since March of 2018
ANZ remarks on the report (in brief):
- Consumer confidence remains robust
- overall index remains around its historical average
- Our confidence composite gauge … continues to suggest that momentum in the economy has slowed considerably, but the composite has stabilised and even started to lift off its lows … composite gauge is consistent with our GDP growth outlook: subdued in the near term (falling to 2% this year), before gradually building towards 3% over the next few years.
