Consumer confidence holds up in August, households still cautious

Thu, 30 Aug 2018

By Rebecca Howard Aug. 31 (BusinessDesk) - Consumer confidence held up in August as households remain relatively upbeat about current conditions but are still cautious about the outlook. The ANZ Roy Morgan consumer confidence index was at 117.6, virtually unchanged from 118.4 in July with disquiet focused on prospects for the broader economy rather than households' own finances, something ANZ chief economist Sharon Zollner said was "likely an echo of weak business confidence survey results". The ANZ Business Outlook confidence indicat...

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