Australian consumer confidence rose last week as households turned more upbeat, according to a Tuesday report from ANZ Research and Roy Morgan Research.
The ANZ-Roy Morgan Consumer Confidence rose to 88.3 from 87.5 in the week of May 5 to 11. The four-week moving average advanced to 86.2 from 85.2.
Households drove the improvement as their 12-month financial outlook rose to 101.9 from 101.
"Household economic confidence over the next year on a four-week moving average basis is at its highest level since early March, prior to the introduction of US tariffs on aluminum and steel products," said ANZ economist Sophia Angala.
"The lift in the 12-month outlook may also be supported by the prospect of a 25bp rate cut by the RBA at its May meeting," she added.
The year-ahead economic outlook increased to 86.5 from 83.3, while the five-year counterpart edged down to 93.5 from 93.9.
Inflation expectations eased to 4.5% from 4.9%.
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