Australian weekly shopper confidence survey falls to a 9 week low

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ANZ-Roy Morgan Client Confidence 83.9, a 9wk low

  • fell 1.6pts from 85.5 (this was a 2.9 level fall from its earlier week!)

ANZ remark:

  • regardless of the RBA signalling its consolation with the inflation outlook after its December assembly
  • fall was pushed by a 7.9pt fall within the ‘time to purchase a serious family merchandise’

Deeply pessimistic to much more deeply pessimistic, once more.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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