Consumer confidence plunges amid lockdowns

The ANZ-Roy Morgan Consumer Confidence survey has been released for last weekend, which shows that confidence plunged 5.7 points to 104.3 – the lowest reading since early November 2020:

Consumer confidence dropped 5.2% last week, its sharpest weekly fall since late March 2020. The fall follows the extension and tightening of the Sydney lockdown and the fifth lockdown in Melbourne. While the decline was sharp, confidence is still well above the levels seen through the first phase of the pandemic in 2020.

There are 881 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.