Aussies Spending Spree Drives Rise in Consumer Confidence

A shopper is seen in Sydney, Australia, on Feb. 25, 2022. AAP Image/Bianca De Marchi

The persistently strong labour market and Black Friday sales are likely leading to a rise in consumer confidence, which improved for the second week in a row.

The weekly pulse check of consumer sentiment remains well below historical averages, sitting at levels last seen in the early stages of the pandemic.