Australians’ optimism about the future of the economy has rebounded strongly from its post-Federal Budget low according to Allianz.

The insurer – joining with Newspoll for bi-monthly surveys - says the rise in optimism is almost entirely attributable to the improved economic outlook of non-Coalition voters, that is, ALP voters and those that vote ‘Other’.

Optimism about the future of the economy has improved by various degrees in all mainland States, except NSW where it languishes at near record low levels.

And optimism has risen among both men and women, with men maintaining their relatively more optimistic economic outlook compared to women.

The increase in optimism is apparent among both younger and older Australians but this sentiment is not shared by those aged 35 to 49, whose optimism remains at around 18-month lows.