Australian consumer confidence down but not out

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The weekly ANZ-Roy Morgan Consumer Confidence Index is out for the weekend of 13/14 March with confidence falling 0.9% to 110.9 points, to be tracking around the 2021 average (110.5) and 10.9 points higher than the same week a year ago (100.0):

Consumer confidence is tracking around the historical average.

The key points of the release are:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.