ANZ Roy Morgan weekly Consumer Sentiment for the week ended December 14, lower again to 110.2

  • Deteriorating confidence in the economic outlook over the next year
  • ANZ citing the weak GDP print and the continuing negative news around the Federal budget weighing on consumer confidence

ANZ chief economist Warren Hogan:

  • “The decline in consumer confidence over the last fortnight is disappointing. Consumer confidence had regained some momentum in November and recent retail sales showed a promising improvement. The key question now is whether this drop in confidence is sustained and slows consumer spending in the crucial Christmas shopping period. This bears close watching in coming weeks and will be important for the momentum the economy will take into 2015.”