ANZ-Roy Morgan Australian Consumer Confidence down 3pts to 116.0 after poor GDP result

Original article by Roy Morgan
Market Research Update – Page: Online : 14-Mar-18

ANZ-Roy Morgan Australian Consumer Confidence fell 2.5% to 116 in the week ended 11 March, partially unwinding gains over the previous two weeks. The fall was broad-based, with households particularly pessimistic about current financial conditions. Views towards current economic conditions declined 3.5%, partially reversing the previous 5.1% rise. Sentiment around future conditions slipped 1.9%. The future conditions index still remains well above the levels seen for most of 2017, although it has slipped below its long-run average. Households’ pessimism towards financial conditions extended the previous week’s move, with the current and future sub-indices falling 5.5% and 1.0%, bringing them to five and 14-week lows respectively.

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

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