Original article by Roy Morgan Research
Market Research Update – Page: Online : 23-Nov-16

ANZ-Roy Morgan Australian Consumer Confidence fell 2.3% to 115.5 in the week ended 20 November 2016, after a 0.3% rise the previous week. The fall was driven primarily by a decline in households’ views on the economic outlook. Their views on financial conditions, on the other hand, have improved. Households’ views on economic conditions over the next 12 months and five years fell a sharp 5.6% and 7.5% respectively, partially reversing the gain over the past three weeks.. Households’ views towards their finances compared to a year ago rose 2.1% this week after a 0.8% fall the previous week. Meanwhile, households’ views towards their future finances remained unchanged after a 1.2% fall last week. Both sub-indices remain well above their long run averages.

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