The index falls to 100.0 from 100.2 in August.

ANZ comments:

  • initial bounce out of lockdown has given way to wariness consistent with subdued spending
  • Fiscal support has been crucial but needs to be wound back, and households are clearly concerned about the economic damage that will become evident as that occurs. The economy has a large hole looming where summer tourism income used to be. We're poorer for a while, and need to consume a bit less

more to come