Consumer confidence 'in the doldrums': Westpac

(Image: Getty)

Wed, 19 Mar 2025

Global storm clouds and cost of living pressures at home continue to dampen consumer confidence.The Westpac McDermott Miller Consumer Confidence Index for the March quarter fell 8 points to 89.2.Anything below 100 indicates a pessimistic view.'Trade tensions'Westpac senior economist Satish Ranchhod said the fall in March comes as nervousness grows about the global backdrop.“The past few weeks have seen increased trade tensions and related volatility in financial markets. That’s casting a shadow over the economic outlook and...

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