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Australia's consumer confidence improved during the week ended March 26, after declining in the previous three weeks, a weekly survey compiled by the ANZ bank and Roy Morgan Research showed Tuesday.
The consumer confidence index climbed by 1.6 percent to 113.8 from 112.0 in the preceding week.
Households' views of the 12-month outlook rose 2.7 percent, reversing a 3.3 percent fall in the previous week. However, their current finances fell slightly by 0.9 percent, while the future finances index grew at a solid rate of 3.0 percent.
"The broad-based improvement in confidence last week is encouraging, particularly given the fall in domestic equity prices early in the week and uncertainty surrounding US policy. Stepping back from the weekly numbers, confidence has been trending down since late January and is now back close to its long run average," ANZ Senior Economist, Felicity Emmett, said.
