ANZ Roy Morgan weekly survey of consumer sentiment comes in at 85.5
- Last week was at 87.8
ANZ comment on the result:
- offsetting the gains over September
- Confidence fell in all mainland states–its first synchronous drop since early August
Also: - ‘Weekly inflation expectations’ spiked by 0.6ppt to 5.6 per cent, its highest level since mid-August. The four-week moving average rose 0.1ppt to 5.4 per cent.
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Remains at deeply pessimistic levels.
