Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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Tuesday, 13 October 2015

Confidence +5.1pc

Turnbull bounce

Consumer confidence jumped by +5.1 per cent to a 15 week high and to well +2.6 per cent above its long run average, with decent results across most of the sub-indices.

Roy Morgan Research explains the reasons in its media release here, which included the recent share market rebound. 

The sub-index recording confidence towards economic conditions for the next five years jumped by +10 per cent.

It is now over the government to present a coherent story on the economy which businesses and consumers can get behind.