ANZ-Roy Morgan Consumer Confidence resumes its downward trend – down 2.6% to 109.4

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

The latest headline ANZ-Roy Morgan Australian Consumer Confidence index dropped sharply, falling 2.6% this week. The index now sits at 109.4 – the lowest level since September 2015. The four week moving average continued to trend lower, and is now 1.6% below its long run average. Four of the five indices registered sharp declines. Households’ expectations towards their long term economic conditions posted the sharpest fall, down 5.5% over the week. This offset the previous two consecutive weekly gains. Views about current economic conditions fell by 3.9%, but remain slightly above April’s low.

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

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