Confidence rises on back of budget
Consumer confidence has surged 5.4pts to 115.7 on the back of the federal budget delivery by treasurer Wayne Swan, and the subsequent budget reply from opposition leader Tony Abbott.
The figure is from the latest Roy Morgan consumer confidence survey, which now puts confidence at the same level as a year ago (May 14/15, 115.7), and at the highest level in three months.
The rise has been primarily driven by increased confidence about all components of the survey, except there is a small decrease in the number of Australians saying now is a ‘good time to buy’ major household items.
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