ANZ-Roy Morgan Consumer Confidence slips to 110.4

Original article by Roy Morgan
Market Research Update – Page: Online : 30-Oct-19

ANZ-Roy Morgan Australian Consumer Confidence fell 1.1% to 110.4 in the week ended 27 October. Households’ views towards current financial conditions rose 5%, reversing much of the recent falls; views towards future financial conditions gained 0.4%, a third weekly rise. Consumers’ views toward current economic conditions fell 4% to the lowest level since early 2017, and views towards future economic conditions lost 3.8%. The ‘time to buy a major household item’ was down 3.3%, compared to a gain of 5.1% previously. The four-week average for inflation expectations was stable at 4.1%, although the weekly reading fell below 4% after five weeks of stability.

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

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