Sydney shoppers unfazed by Covid outbreak as consumer confidence soars

Sydney shoppers unfazed by Covid outbreak as consumer confidence soars
Sydney shoppers unfazed by Covid outbreak as consumer confidence soars
Sydney shoppers unfazed by Covid outbreak as consumer confidence soars despite the city staring at weeks of lockdown ANZ-Roy Morgan consumer confidence index rose 3.7 per cent in Sydney This was despite city being in an indefinite lockdown during a Covid outbreak Rose by two per cent nationally after outbreaks in three other states

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A potential lengthy lockdown and record levels of virus cases appear to not be enough to dent the mood of Sydneysiders for too long.

The weekly ANZ-Roy Morgan consumer confidence index rose two per cent nationally, partially recovering the 3.9 per cent drop of the previous week.

Confidence in Sydney jumped 3.7 per cent.

ANZ head of Australian economics David Plank noted the overall positive result also came after Brisbane, Perth and Darwin emerged from their lockdowns.

The weekly ANZ-Roy Morgan consumer confidence index rose 3.7 per cent in Sydney despite the lockdown as shoppers are unfazed

The weekly ANZ-Roy Morgan consumer confidence index rose 3.7 per cent in Sydney despite the lockdown as shoppers are unfazed

The positive result is good news for retailers and comes ahead of an expected additional support package from the federal and NSW governments to assist business and workers.

NSW Premier Gladys Berejiklian has warned it is unclear how long restrictions will remain in place when infections are growing, announcing a record 112 cases on Monday and 89 on Tuesday.

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