Australia weekly consumer confidence 97.9 (prior 106.0)

  • ANZ/Roy Morgan survey of weekly Australian consumer confidence

Down 7.6% last week to the lowest reading in January since 1992.

At 97.9 its hit its lowest reading since October 2021.

Omicron case numbers in Australia have surged, ANZ citing this factor for the big drop.

anz Australia consumer confidence  18 January 2022

This data point tends not to be much of an AUD mover upon release. And, it'll likely improve as hospitalisation numbers stabilise. Still, not a positive input for the Australian dollar - slumping consumer confidence does not auger well for the economy.

more to come

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