The weekly ANZ-Roy Morgan Australian Consumer Confidence survey came in at 85.5
- prior week was 88.4
A big drop from deeply pessimistic to even more deeply pessimistic! Under 100 is net pessimism.
ANZ remarks on the fall:
- ANZ-Roy Morgan Consumer Confidence fell 2.9pts after Q3 GDP and the end of Black Friday sales.
- All subindices fell, but the biggest drop was in households’ confidence in their financial conditions over the next 12 months
