ANZ-Roy Morgan Consumer Confidence falls following rout on Australian share-markets

Original article by Roy Morgan Research
Market Research Update – Page: Online : 12-Jan-16

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell by 1.9 per cent to 114.1 in the week ended 10 January 2016, retracing the 0.8 per cent rise in the previous week. Concerns around China’s economic growth prospects and volatility on global financial markets are likely to have had an impact on consumer confidence. The fall was largely driven by a 9.9 per cent dip in consumers’ views towards their current finances, which recorded the largest fall since March 2012. The sub-index on "economic conditions in the next 12 months" fell a modest 0.3 per cent, whereas "economic conditions in the next five years" rose by 2.6 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

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