Delta continues to crush consumer confidence

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The ANZ-Roy Morgan consumer confidence index rebounded 2.5% over the weekend after Queensland exited its latest hard lockdown.

Nevertheless, confidence has fallen sharply since the Delta strain began ravaging NSW and Victoria:

Consumer confidence index

Consumer confidence has fallen sharply since June.

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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.