Budget breaks ANZ-Roy Morgan consumer confidence

Tuesday, 16 May 2017

We don’t usually bother reporting the weekly measure because it is so volatile but today is a special occasion as the index just cracked new lows at 109.4 (drawn in red):

A twenty month low. It appears a Liberal Government doing a Labor doesn’t inspire confidence. Who could have guessed? No doubt it has something to do with this:

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.