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Financial News: Australia's Consumer Confidence Improves Further

Australia's Consumer Confidence Improves Further

05/22/2018 - 00:15:00 (RTTNews)

(RTTNews) - Australia's consumer confidence improved for the sixth straight time during the week ended May 20, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.

The consumer confidence index rose to 121.6 from 120.8 in the preceding week.

"That rise comes despite elevated petrol prices, some pessimistic commentary on sluggish wage growth and recent developments in the housing market," ANZ's head of Australian Economics, David Plank, commented.

Consumers' views towards financial conditions strengthened, while they were less optimistic about economic conditions.

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