Australian consumer sentiment remains in the doldrums, well under the 100 line that separates net optimism (above 100) from net pessimism (below).
For the week, drops again.
- 89.3 (vs. prior week’s 90.5)
- Consumer Confidence fell 1.3% last week, its 3rd straight weekly loss.
- Cost of living seems front and centre, as respondents’ confidence in ‘paying off their home loan’ dropped 0.6%, falling a cumulative 14.7% in the past three weeks.