ANZ-Roy Morgan Australian Consumer Confidence weekly survey rose to 76.7 from 74.7 the previous week.
ANZ comments:
- ‘Time to buy a major household item’ subindex climbed to its highest since early February
- Buying sentiment was upbeat in the week to Black Friday
This indicator has been very weak, its long-run average is just under 111. At 76.7 its deeply pessimistic.
