Consumers in the doldrums

Fri, 02 Oct 2020

Consumers were pessimistic about their own finances and aren’t looking to make any big-ticket purchases in the near-term, according to the ANZ-Roy Morgan consumer confidence survey.The survey’s consumer confidence index was virtually unchanged at 100, well below the long-run average of 120 and holding near the same level as 2009, when job losses were mounting during the global financial crisis.The survey of 997 people showed a net 2 percent felt their finances were in a worse state than a year earlier, having been just in positive t...

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