23 Apr 2010

Wide gap in consumer confidence index

6:06 am on 23 April 2010

Latest figures show consumer confidence remains high, but the gap between how consumers feel now, and their future expectations, remains wide.

The ANZ Roy Morgan Consumer Confidence index held steady at 121 point 9 points in April, which is the same level recorded in March.

However, the gap between how consumers feel about the economy right now, and their expectations for the future widened during the month.

ANZ senior economist Khoon Goh says that's a typical response when an economy is at a turning point.