Consumer confidence has climbed to a 15-week high, supported by the change of prime minister, a local share market recovery and stronger Australian dollar.
The ANZ/Roy Morgan weekly consumer confidence index rose 5.1 per cent in the first full week of October, more than reversing the falls of the previous two weeks.
ANZ chief economist Warren Hogan said the surge in confidence about the economic outlook likely reflects faith in the government led by new prime minister, Malcolm Turnbull.
"To sustain confidence at this level, however, the government needs to present a clear economic story to the country," he said.
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