The data post is here:
Australia weekly consumer confidence 97.9 (prior 106.0)
This weekly result does not normally attract much attention, but this big drop has. Reuters with the piece:
- Australian consumer confidence took a battering last week as an explosion in coronavirus cases triggered self-imposed lockdowns, squashing spending and blowing holes in supply chains.
- ... consumer sentiment slid 7.6% last week to its lowest since October 2020, lower even than during the Delta variant surge when much of the country was officially locked down.
Check out that link to Reuters for more.
As I said in the data post, the releases does not usually move AUD much at all. And despite the big slump and the extra attention AUD is hardly changed:
