(Australian Associated Press)
Consumer confidence has risen slightly with an increase in optimism over economic conditions in the next five years offsetting more negative short-term views.
The ANZ/Roy Morgan weekly consumer confidence index rose 0.3 per cent to 113.3 in the week ending August 30, after slipping slightly the previous week. It’s the third consecutive week where confidence has remained above its long-term average.
ANZ chief economist Warren Hogan said consumer confidence had been surprisingly resilient given the recent volatility in financial markets.