More evidence bounce is stalling

Fri, 31 Jul 2020

The latest ANZ-Roy Morgan Consumer Confidence data adds to the view that the bounce out of lockdown seems to have stalled.The index was at 104.3 versus 104.5 in July. It touched 84.8 in April.Of the 1,001 people surveyed in July, a net 31 percent expected to be better off financially this time next year, down 1 point.Meanwhile, a net 33 percent expect the economy as a whole to experience bad times over the next 12 months versus a net 37 that felt that way last month.On another front “willingness to buy major household items remains at the...

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