ANZ-Roy Morgan Consumer Confidence pulls back after three consecutive increases

Original article by Roy Morgan
Market Research Update – Page: Online : 24-Jan-18

ANZ-Roy Morgan Australian Consumer Confidence fell 3.3% to 119.4 in the week ended 21 January, following three consecutive strong reports. The fall was broad based, with views towards current finances leading the pullback. The current finances sub-index fell a sharp 9.1% to 104.7, partially unwinding gains over the previous three weeks. In comparison, views towards future finances fell a more modest 2.2%, following a 0.2% decline in the week prior. Despite the weekly falls, both sub-indices sit above their long-term average. Households’ pessimism also extended towards the economic outlook. Views around current and future economic conditions dipped 3.6% and 1.3% respectively, although both sub-indices remain elevated compared to recent lows.

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

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