By James GlynnSYDNEY--Australian consumer confidence rose last week but still remains at levels comparable to a highly destructive recession in the early 1990s. Confidence around current financial conditions jumped 6.8 points after a cumulative 10.6-point decline over the previous four weeks, according to the survey. Future financial conditions softened 0.4 points and remained below 90 points for a fourth straight week. Current economic conditions rose 1.4 points, while future economic conditions increased 5.1 points rising above 90 points, the data showed. The weekly ANZ-Roy Morgan confidence survey is based on 1,479 interviews conducted online and over the telephone during the week to Sunday.

Source: Wall Street Journal June 26, 2023 23:49 UTC