Election timing a test for confidence

New consumer confidence figures will provide the first gauge in response to an early budget and a likely double-dissolution election on July 2.

Prime Minister Malcolm Turnbull's claim that consumer confidence is very strong will be put to the test when new sentiment figures are released.

The latest ANZ-Roy Morgan weekly consumer confidence gauge is released on Wednesday - a day later than usual because of the Easter break.

It will be the first reading to take into account Mr Turnbull's decision to bring forward the timing of the budget as part of a likely double-dissolution election on July 2.

Mr Turnbull told a business lunch in Sydney on Tuesday that consumer and business confidence was very strong.

The government has indicated that personal tax cuts are now unlikely as part of its tax reform package to delivered as part of the budget on May 3.

However, there have also been suggestions that there may be a cut in the company tax rate, a decision that has found little support among voters.

Consumer confidence did ease slightly in the previous week, although it was still three per cent above its long run average.


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Source: AAP



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