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Consumer Confidence lifts again

Posted in 'Behavioural Finance, Economics' on November 3, 2015

ANZ-Roy Morgan Consumer Confidence is up 1.8pts to 115.2 this week before the RBA meets later today to decide whether to lower Australian interest rates from their record low of 2%.The largest contributor to the increase in Consumer Confidence over the past two weeks has been the positive increase in the 'time to buy index' - now at +30% (up 7% over the last fortnight).

46% of people (up 2ppts in a fortnight) say now is a 'good time to buy' major household items compared to 16% (down 5ppts) who say now is a 'bad time to buy' major household items.

The recent low ABS inflation figure (1.5% p.a.) and the positive movement in Consumer Confidence rating  is a good sign for Australian retailers as we head towards the important Christmas retailing season.

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