Hon GRANT ROBERTSON: The ANZ-Roy Morgan Consumer Confidence Index shows sentiment remains in positive territory. The index did edge down one point to 113 in July, just below its historical average. The proportion of people who believe it is a good time to buy a major household item, which is a key indicator of confidence, rose two points to 24. A net 23 percent of those surveyed expect to be better off this time next year—up one. ANZ's confidence composite gauge, which is a GDP growth indicator by combining lag business expectations and intentions with consumer sentiment, is now well above pre-COVID levels. The survey does show, however, that consumers remain cautious about the future and the economic environment continues to be volatile as countries such as Australia struggle to contain the highly transmissible Delta variant of COVID-19.