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The ANZ-Roy Morgan weekly consumer confidence index remains well and truly stuck in the gutter, with the index falling another 0.1% to just 79.9%.
It was the fourth consecutive week with confidence among the worst 12 results since the COVID outbreak in Australia, according to ANZ:
Most notably, current financial conditions declined 1.5 points to levels not seen since the very beginning of the pandemic:
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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.
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