Australians are starting the new year with a spring in their step according to the latest ANZ-Roy Morgan Australian consumer confidence survey. The headline index climbing by 4.7 per cent since from mid-December to 122, the highest since November 2013.
The survey showed consumers were optimistic about current and future financial conditions, rising 5.8 per cent and 4.2 per cent respectively since the last report.
ANZs head of economics David Plank said the festive mood from late last year has continued into 2018.
Continued strength in the labour market, and a strong performance in the Ashes series likely helped sustain the cheer among consumers.
Despite Australians debt-to-income ratio reaching a record level of 199.7 confidence le…
Read the full article at: http://www.ratecity.com.au/bank-accounts/news/ashes-help-boost-australian-confidence-2018-working-year-kicks-off
