Aussie consumer confidence dives on interest rate talk

Monday 7 February 2022

The ANZ-Roy Morgan consumer confidence index remains in the gutter after falling another 1.9%:

Confidence is now tracking well below the long-run average, as well as tracking below below the neutral level of 100.

WA suffered the biggest loss (-8.1%), followed by Queensland -3.4%, SA -1.9% and NSW -1.7%. However, Victoria bucked the trend, rising 1.5%.

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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.