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Tuesday, 29 August 2017

Consumer confidence...bounces


Up to 113.5 this week - from a rather subdued 109.5 last week - according to ANZ-Roy Morgan.

At 113.5, consumer confidence sits just slightly above the long run monthly average since 1990 of 112.9.

Not likely to pick up much either until wages start growing faster, but since few people seem to be bothered by elevated unemployment it looks like things will just meander along.