Consumer confidence lower but we're still spending

Perceptions around personal finances fell 10 points to -30%, the lowest since 2008, the year of the global financial crisis. (Image: Unsplash)

Staff reporters

Fri, 03 Mar 2023

Negative consumer confidence has yet to be matched by spending, which remains relatively buoyant, according to the ANZ-Roy Morgan February survey of households.Overall consumer confidence was well below the neutral level of 100 points and was “bouncing around the bottom”. Perceptions around personal finances fell 10 points to -30%, the lowest since 2008, the year of the global financial crisis.ANZ chief economist Sharon Zollner said although February consumer confidence at 79.8 points was above the December low of 73.8 it was s...

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