RSS Australian weekly consumer confidence survey falls to a 9 week low

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 RSS Australian weekly consumer confidence survey falls to a 9 week low

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ANZ-Roy Morgan Consumer Confidence 83.9, a 9wk low

  • fell 1.6pts from 85.5 (this was a 2.9 point fall from its previous week!)

ANZ comment:

  • despite the RBA signalling its comfort with the inflation outlook after its December meeting
  • fall was driven by a 7.9pt fall in the ‘time to buy a major household item’

Deeply pessimistic to even more deeply pessimistic, again.

This article was written by Eamonn Sheridan at www.forexlive.com.
 
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