Pete Wargent blogspot

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

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Thursday, 9 June 2016

Consumer confidence at 2.5 year highs

ANZ-Roy Morgan reported this week that consumer confidence is well above its long run average of 112.8, rising by 3.2 per cent to a reading of 116.8. 

The four week average of 115.2 is also well ahead of the long run average level of consumer confidence since 1990. 

In fact, this is the highest reading since January 2014, with the gains in confidence broad based.

Suggests some decent upside for consumer spending.