“Dire” consumer confidence suffers biggest collapse in 20 years

Wednesday 15 June 2022

The ANZ-Roy Morgan consumer confidence index has suffered its biggest collapse in 20 years, plunging 7.6% last week to lows not seen since the depths of COVID lockdowns in April 2020:

Outside of the pandemic, consumer confidence has not been this low since the early-90s recession.

Key movements are as follows:

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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.