Australia consumer confidence weekly survey fell by 2.6% w/w

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Australia consumer confidence weekly survey fell by 2.6% w/w

<p>ANZ Roy Morgan weekly survey of consumer sentiment comes in at 85.5</p><ul><li>Last week was at 87.8</li></ul><p>ANZ comment on the result:</p><ul><li>offsetting the gains over September</li><li> Confidence fell in all mainland states-its first synchronous drop since early AugustAlso:</li><li> 'Weekly inflation expectations' spiked by 0.6ppt to 5.6 per cent, its highest level since mid-August. The four-week moving average rose 0.1ppt to 5.4 per cent.---Remains at deeply pessimistic levels. </li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: Australia consumer confidence weekly survey fell by 2.6% w/w

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