The weekly ANZ-Roy Morgan Australian Consumer Confidence survey came in at 85.5
- The lowest stock ratio was 88.4
A big drop from very desperate to even more desperate! Less than 100 is pure pessimism.
ANZ comments on the fall:
- ANZ-Roy Morgan Consumer Confidence fell 2.9pts after Q3 GDP and the end of Black Friday sales.
- All subindices fell, but the biggest drop was in household confidence in their financial situation over the next 12 months
This article was written by Eamonn Sheridan at www.forexlive.com.
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