The latest ANZ-Roy Morgan consumer confidence survey

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By Will Koulouris


SYDNEY, Aug. 29 (Xinhua) -- Despite figures from a survey suggesting that Australia's economy is looking brighter with consumer confidence higher Under Armour Youth Shoes Sale , some experts believe that stagnant wages growth and fall in new home sales may be indicative of troubles ahead.


The latest ANZ-Roy Morgan consumer confidence survey released on Tuesday pegged a 3.9 percent rise over the week, with respondents citing an improved sentiment towards their future and current financial situations -- resulting in a 5.6 percent increase for the current, and a 2.2 percent increase in confidence for the future.


Despite this, the head of Australian economics at the ANZ Bank, David Plank Under Armour Boys Shoes Sale , said on Tuesday that while the results were "encouraging", he was concerned over lack of momentum within the overall levels.


"Broadly, confidence has slipped in August, weighed down by concerns around disappointing wage growth and higher energy costs."


"Despite a strong labour market and moderate economic activity, any improvement in confidence is likely to remain capped until households experience a material acceleration in wage growth Under Armour Kids Shoes Sale , which seems unlikely anytime soon."


This view, however, is not shared by the chief economist of CommSec, Craig James, who told Xinhua on Tuesday that he felt that the perception of Australian consumers as being "gloomy" was not altogether warranted.


"In reality Under Armour Mens Shoes Sale , the latest reading of consumer sentiment is broadly in line with short and longer-term averages. Consumers aren't exuberant, but neither are they significantly downbeat," James said.


"Simply there are a lot of issues at present so it is probably better to describe consumers as reflective'."


Consumers are demonstrating their quasi-positivity with their pockets, as the economist believed the consumer spending data -- with retail spending up 2.5 percent annually -- shows for the most part that consumers in Australia are gene. Authentic A.J. Bouye Jersey Adrian Peterson Womens Jersey Zach Ertz Womens Jersey Tyreek Hill Womens Jersey Tremaine Edmunds Youth Jersey Sam Darnold Youth Jersey Russell Wilson Kids Jersey Rob Gronkowski Kids Jersey Odell Beckham Jr Kids Jersey Myles Jack Jaguars Jersey