Original article by Roy Morgan Research
Market Research Update – Page: Online : 21-Sep-16

ANZ-Roy Morgan Australian Consumer Confidence fell by 2.2 per cent to 115.5 in the week ended 18 September 2016, unwinding some of the previous week’s gain. Last week’s sell-off in financial markets – which raised fears of a sharper correction across bonds and equities – was likely the main driver of the fall in confidence. Financial market weakness looks to have trumped the news of a dip in the unemployment rate to a three-year low of 5.6 per cent. The weakness in confidence was broadly based. Consumers’ views towards their current and future finances both declined 1.8 per cent. Households’ views of the 12-month economic outlook dropped 1.1 per cent while views of the five-year economic outlook dipped 1.4 per cent.

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