Australia's consumer confidence improved for the second straight time during the week ended July 30, reaching its highest level since late February, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.
The consumer confidence index climbed to 118.4 from 115.1 in the preceding month.
Despite the jump in the headline index, the details were more mixed, with views towards economic conditions rising sharply but confidence in financial conditions easing a touch.
The index measuring 'time to buy a major household item' rose 0.9 percent last week and remained well above its long term average.
Inflation expectations were unchanged at 4.3 percent on a four-week moving average basis.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.