Australia weekly consumer confidence: 107.7 (prior 112.3)

Australia weekly consumer confidence via the ANZ/Roy Morgan survey, drops to 107.7

• prior 112.3

• the largest fall since late-March of 2020

The lockdown of the country's third-largest city has weighed on sentiment (the lockdown ahs since ended)

ANZ cite:

• New COVID-19 cases
• snap Brisbane lockdown
• the end of JobKeeper (government pandemic wages support)

And also, on a brighter note:

• history shows that confidence tends to bounce back quickly once lockdowns lift

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Plenty of data from Australia already this morning, useful if you are keeping track of economic developments ... not so much for AUD movement though

• Australia - (final) Markit PMIs for March: Services 55.5 (prior 53.4) and Composite 55.5 (prior 53.7)
• Australia AiG Construction PMI for March: 61.8 (prior 57.4)