ANZ notes that every sub index in the measure was lower in the week.
And:
- Inflation expectations rose to 5.4%, reversing the falls of the last 2 wks. This is likely to be of interest to the RBA, given petrol prices have averaged over $2/L for 6 wks.
Australian Weekly ANZ Roy Morgan Consumer Confidence survey slumps to 76.4 (prior 79.8)
- Back to its lowest in 5 weeks.
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