ANZ consumer confidence index for May

  • Down 3.8% m/m
  • From 128.8 to 123.9
  • Lowest in 6 months

Anything above 100 shows net optimism, so although its dipped, its still strong

ANZ comment:

"We can see signs of moderation across the indicators we track, but it's drawing a long bow to conclude something ominous is around the corner"