Updated

Updated · Capital Brief · Jul 14

Australia Consumer Confidence Rises 0.6% to 75.3 as 12-Month Financial Outlook Improves

Updated

Updated · Capital Brief · Jul 14

Australia Consumer Confidence Rises 0.6% to 75.3 as 12-Month Financial Outlook Improves

2 articles · Updated · Capital Brief · Jul 14

75.3 points marked a 0.6% weekly rise in ANZ-Roy Morgan consumer confidence, while the four-week moving average edged up to 74.7.
Improved expectations for the economy and household finances over the next 12 months drove the gain, with the financial outlook subindex hitting its highest level since early March.
Medium-term economic confidence still fell 1.9 points during the week, as RBA assistant governor Sarah Hunter said growth would need to slow to return inflation to the 2%-3% target range.
Inflation expectations also rose after four straight weekly declines as Middle East conflict re-escalated during the survey period, though both the broader trend since April and the four-week average remain lower.

Sources

Are central banks risking recession by fighting conflict-driven inflation with interest rate hikes alone?

Should policymakers abandon the 2% inflation target to avoid crippling households with even higher interest rates?

As the Hormuz crisis reshapes global energy, what does a permanently higher oil price mean for our economic future?

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