Consumer confidence falls in August

Fri, 28 Aug 2020

Fewer consumers are willing to open their pockets for major household items as consumer confidence eased 4 points to 100.2 in August, the latest ANZ-Roy Morgan Consumer Confidence survey showed. The index is well below the historical average of 120.Only a net 3 percent of respondents think it's good time to buy a major household item, down 3 points, and the number “is stuck at the levels prevailing in the last recession,” said ANZ Bank chief economist Sharon Zollner.“Reality bites. We’re battling covid-19 once more,...

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