Australian Consumers Regain Confidence as Jobs Picture Stays Strong

Customers sit outside a food kiosk in the central business district in Sydney, Australia, on Aug. 16, 2022. Lisa Maree Williams/Getty Images

Australian consumer confidence has bounced back strongly from record lows in previous weeks as more Australians hold a positive view of the jobs market and the economy’s strength.

The ANZ-Roy Morgan survey indicated that the consumer confidence index jumped 4.9 percent in the week commencing Aug. 8, the most significant rise in 16 months.