ANZ-Roy Morgan Australian Consumer Confidence trend decline resumes, down 2.7pts to 111.1

Original article by Roy Morgan Research
Market Research Update – Page: Online : 5-Apr-17

ANZ-Roy Morgan Australian Consumer Confidence fell 2.4% to 111.1 in the week ended 2 April 2017, its lowest value since October 2015. The four-week average now stands at 112.5, falling below its long-term average for the first time since February 2016. The fall in confidence was broad based, with four out of the five sub-indices recording declines. Expectations for economic conditions for next year fell sharply, with the index falling by 5.4% to the lowest this year. Households’ views towards their current finances fell by 2.8%, while the future finances index was down 2.1%.

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

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