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Yesterday, ANZ-Roy Morgan consumer confidence dropped 3.7 points to 73.4 points.
At 77.0 points, the four-week moving average decreased by 0.9 points.
The four-week moving average increased by 0.3 percentage points to 5.5%, while “weekly inflation expectations” increased by 0.8 percentage points to 6.1%.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.