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Climbing confidence proving unstoppable
Positive news on a potential coronavirus vaccine has seen another solid rise in consumer confidence, a potential bonus for retailers heading into Christmas. The weekly ANZ-Roy Morgan consumer confidence index has risen a further 3.4 per cent, building on a 3.2 per cent gain, reaching its highest level since February. The index has climbed for 11 weeks in a row. "The news about the successful vaccine trial no doubt played a major role," ANZ economist David Plank said. "The strong result points to a potentially strong Christmas season ahead for retailers." Last week, pharmaceutical giant Pfizer's said it was having ... (full story)