Australian Consumer Confidence Builds, Highest Since March

Australian Consumer Confidence Builds, Highest Since March
An aerial view of Barangaroo on April 22, 2020 in Sydney, Australia. Ryan Pierse/Getty Images
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Australians are growing in confidence as the economy starts to recover from the COVID-19 pandemic fallout, a signal household spending may pick up as long as employment grows.

The ANZ-Roy Morgan consumer confidence index grew by a further 1.6 percent to 99.7 points in the past week, the highest level since March.