Australia Consumer Confidence dip to 76.4: ANZ citing significant inflation changes needed

  • Another truly awful reading for this persistently weak index.

ANZ-Roy Morgan Australian Consumer Confidence weekly survey, comes in at 76.4 from 76.7 the week before.

Comment from ANZ:

  • A serious turnaround in inflation would likely be required to see the index move meaningfully higher in 2024
  • It was practically unchanged last week ahead of the December
anz consumer confidence 05 December 2023

Graph via ANZ

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