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Financial News: Australia Consumer Confidence Improves Further

Australia Consumer Confidence Improves Further

09/05/2017 - 00:20:00 (RTTNews)

(RTTNews) - Australia's consumer confidence improved for the second straight time during the week ended September 3, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.

The consumer confidence index rose to 114.1 from 113.5 in the preceding week.

Consumers were less optimistic about their personal finances, but their views towards economic conditions improved.

The index measuring 'time to buy a major household item' index weakened last week after a period of strength in June and July.

Inflation expectations eased to 4.4 percent from 4.5 percent, on a four-week moving average basis.

"The Q2 GDP report later this week will provide some clarity, with the potential for the outcome to affect near-term confidence," ANZ's senior economist, Felicity Emmett, said.

"A number of RBA speakers over the next week could also influence the debate around the outlook."

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