Pete Wargent blogspot

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

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Wednesday, 11 January 2017

Consumer confidence up 5.9pc (15-week high)

Post-Christmas cheer

Consumer confidence was up by 6.7 points or 5.9 per cent to a 15-week high reading of 120.1 according to ANZ-Roy Morgan. 

The gains were largely driven by beliefs surrounding economic conditions over the next 12 months (up 12.2 per cent), as well as it being a 'good time to buy a major household item'. 

Consumer confidence has rebounded from a negative print for GDP in the third quarter, suggesting an upbeat start to 2017, according to ANZ analysis.

Views on financial conditions have generally been improving since 2009, with a significant blip in 2014. 

The full report from ANZ-Roy Morgan is here