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Consumer confidence edges up: ANZ

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Consumers are happier with their finances but wary about the Australian economy, a poll suggests. (AAP) Source: AAP

An ANZ-Roy Morgan consumer confidence survey suggests people are feeling more optimistic about their finances but cautious about the broader economy.


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Presented by Justin Sungil Park

Source: AAP



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An ANZ-Roy Morgan consumer confidence survey suggests people are feeling more optimistic about their finances but cautious about the broader economy.


Consumer confidence edged up marginally over the weekend, an ANZ survey suggests, as respondents felt optimistic about their finances despite gloom about the economy at large.

The ANZ-Roy Morgan Australian Consumer Confidence index gained 0.1 per cent from the previous week, with respondents' perception of the country's current economic conditions - including the outlook for the next 12 months - down 6.9 per cent but the "time to buy a household item" metric jumping 6.1 per cent.

The weekly measure of sentiment, which is based on about 1,000 face-to-face interviews conducted on Saturdays and Sundays, recorded a 4.7 per cent increase regarding people's current financial conditions and a 0.2 per cent rise about their financial conditions over the next year.

 


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