ANZ-Roy Morgan Australian Consumer Confidence on the skids – down 1.4pts to 112.0

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

The ANZ-Roy Morgan Consumer Confidence rating for Australia fell 1.2 per cent to 112.0 in the week ended 10 April 2016, having fallen 2.6 per cent over the previous three weeks. While it is always difficult to pinpoint the driving forces behind confidence, it seems likely that the current discussions on policy reform ahead of the Federal Budget in May, as well as the recent weakness in equity markets, are affecting consumers’ confidence. Consumers’ views towards their current personal finances fell by 5.5 per cent, while consumers’ views towards the economic outlook in the next 12 months fell by two per cent.

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

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