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Wages and debt weigh on confidence: ANZ

Low wage growth, rising household debt and global geopolitical tensions are all weighing on consumer confidence, ANZ Banking Group says.

The ANZ-Roy Morgan Consumer Confidence Index fell 1.9 per cent to a level of 112.6 points in the week ending April 16, closer to the 100-point level separating optimism and pessimism.

ANZ senior economist Felicity Emmett said the drop in confidence came despite the strong labour market report released last week and ongoing strength in the housing market.

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Total Shareholder Return as at 30/09/16

1 year TSR5 year TSR
427thLendlease17%20%
458thANZ Banking Group9%14%
540thWestpac-2%13%
552ndTelstra-4%21%
576thQantas-9%19%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

6th-Telstra$26,607.0m
7th↑Westpac$21,642.0m
8th↓ANZ Banking Group$21,071.0m
9th-Qantas$16,200.0m
10th-Lendlease$15,350.3m
77 listed non wa companies ranked by revenue.
Source: Morningstar

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