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Source: ANZ statements

“Consumers have given a thumbs up to the Australian Federal Budget, with sentiment rising 2.1 per cent to its highest level since the last weekend of May,” ANZ Head of Australian Economics, David Plank said. “This is the second best post-budget gain in the last six years.”

“There were healthy gains in ‘future finances’ and ‘current’ and ‘future’ economic conditions.”

“Surprisingly, sentiment is weaker in New South Wales, including Sydney, than it is in Melbourne. Less surprisingly, confidence is strongest (and above neutral) in Perth. It is also above neutral in Tasmania and South Australia.”

MIL OSI New Zealand News