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10 Feb 2016
AUD: Consumer Confidence staged a surprise jump - TDS
Research Team at TDS, notes that the Australian Westpac Consumer Confidence for Feb staged a surprise jump, +4.2%/yr, breaking above 100.
Key Quotes
“Nearly all sub components rose, even after extreme market volatility and domestic tax hike talk over the past month. While there is no clear read through from this sentiment indicator for activity, on face value it suggests no significant deterioration in domestic demand.
Meanwhile NZ Retail card spending rose +0.3% in Jan and Dec was revised up, so a good hand off for Q1.”
Key Quotes
“Nearly all sub components rose, even after extreme market volatility and domestic tax hike talk over the past month. While there is no clear read through from this sentiment indicator for activity, on face value it suggests no significant deterioration in domestic demand.
Meanwhile NZ Retail card spending rose +0.3% in Jan and Dec was revised up, so a good hand off for Q1.”