ANZ-Roy Morgan Consumer Confidence slips 3.8% to 109.8 on Wage Concerns

Original article by Roy Morgan Research
Market Research Update – Page: Online : 13-Sep-17

ANZ-Roy Morgan Australian Consumer Confidence fell 3.8% to 109.8 in the week ended 10 September 2017, largely offsetting the gains over the previous two weeks. The weakness was broadly based, with a sizeable decline in households’ perceptions of the economic outlook driving the deterioration in sentiment. After two consecutive weeks of improvement, consumers’ views towards current and future economic conditions dipped, down 8.1% and 7.2% respectively. The average of these two measures is at its lowest level in 16 weeks. Households’ views towards current financial conditions slipped 0.3%. Partially offsetting this weakness, sentiment around future financial conditions rose a solid 3.7%. Looking through the weekly volatility, confidence in overall financial conditions has remained broadly unchanged over the past two months, hovering around its long-term average.

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

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