Australia weekly consumer confidence: 107.7 (prior 112.3)

Author: Eamonn Sheridan | Category: News

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




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