Consumers appear to have shaken off the bad news about rising unemployment and conflicts in the Middle East and Ukraine, with confidence rebounding last week.
Consumer confidence took a hit in early August amid gloomy news about Australia's jobless rate rising to 6.4 per cent.
There were also plenty of geopolitical concerns dominating the headlines with flaring tensions between Ukraine and Russia and the conflicts in Gaza and Iraq.
But confidence has turned around, according to the latest ANZ-Roy Morgan weekly consumer confidence survey on Tuesday.
Consumer confidence last week rebounded 3.7 per cent to 112.5 - near its long-run average level, said ANZ chief economist Warren Hogan.
"Along with low interest rates and a gradual improvement in the labour market this should support house prices and retail spending as we head into spring," Mr Hogan said.
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