Consumer confidence bounces back as wallets stay open: ANZ

Thu, 29 Nov 2018

By Jenny Ruth Nov. 30 (BusinessDesk) - Consumer confidence lifted back to average levels in November after broadly trending lower since March. The ANZ-Roy Morgan headline index of consumer confidence lifted four points to 118.6 points in the latest month – a reading of 100 means pessimistic and optimistic consumers are balanced. Within that index, the current conditions index eased a point with a net 10 percent of consumers feeling financially better off than a year ago. But the future conditions component rose six points with a net 26...

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