Pete Wargent blogspot


'Must-read, must-follow, one of the best analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Tuesday, 30 June 2015

Consumer confidence surges to 18 month high

18 month high

The ANZ-Roy Morgan Consumer Confidence Rating rose 2.3 points to 116.3 points this week.

This is the highest level in 18 months, and well above the long run average of 113 points.

The outlook for the economy over the year ahead improved by 5.7 per cent.

The outlook for the economy five years ahead also rose by 4.6 per cent.

It will be interesting to see whether the outlook for China's stock markets and Greece's debt woes have a negative impact in the weeks ahead.