Original article by Roy Morgan Research
Market Research Update – Page: Online : 10-Aug-16

ANZ-Roy Morgan Australian Consumer Confidence has fallen by 2.8 per cent to 114.7 in the week ending 7 August 2016. This is a surprising result given that the RBA cut the cash rate to a historic low of 1.5 per cent last Tuesday. While the drop is disappointing, overall confidence remains well above its long run average. The deterioration in confidence was relatively broadly based. Consumers’ views of their current finances fell by 2.4 per cent, and households’ views of the economic outlook in the next 12 months fell by 8.5 per cent.

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