Consumer mood up, outlook uncertain

Consumer confidence rose at the weekend, according to an ANZ survey that suggests people are feeling better off than they were a year ago but are hesitant about the future.

The ANZ-Roy Morgan Australian Consumer Confidence index is up 1.2 per cent from the previous week, with a 5.9 per cent surge in how respondents felt about the financial circumstances of themselves and their family compared with 12 months ago – a reading that lifts the metric to its highest level since the poll began in 2008.

But the weekly measure of consumer mood, which is based on about 1,000 face-to-face interviews conducted on Saturdays and Sundays, also recorded a 3.0 per cent fall in people’s perceptions about their finances over the next 12 months.


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