ANZ consumer confidence hammered

Via ANZ:

Consumer confidence slumped to its lowest level in more than two years at the weekend, according to an ANZ survey that suggests people are preparing for more difficult economic conditions over the next five years.

The ANZ-Roy Morgan Australian Consumer Confidence index fell 3.5 per cent from the previous week, with respondents’ perception of the economy – including the outlook for the next 12 months – dipping 0.6 per cent and sentiment about conditions during the next five years plummeting 7.6 per cent.

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