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Australian consumer sentiment is imploding, with the ANZ-Roy Morgan weekly consumer confidence report plunging to a fresh 53-year low.
Chart by Justin Fabo from Antipodean Macro
All subindices deteriorated last week, with household confidence in their current and future finances at their lowest level since the subindices were first available in 1985.
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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.