Australian weekly consumer confidence lower @ 83.1

ANZ-Roy Morgan Australian Consumer Confidence Index

ANZ comment on the result:

• The fact that consumer confidence held onto most of last week’s sizeable 5.9pt gain suggests households may be seeing the benefits of the Stage 3 tax cut

Yes, tax cuts

and an expected further boost yet to come from various ‘cost of living’ support measures are supporting consumer sentiment.

This article was written by Eamonn Sheridan at www.forexlive.com.