Consumer confidence falls in July
Consumer confidence remains below historical levels.
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Consumer confidence dipped slightly in July according to the ANZ-Roy Morgan Consumer Confidence survey.
The headline index fell from 112.5 to 109.4, partly reversing a 9.2 point increase in June.
Although there are still more optimists than pessimists, confidence levels remain below historical averages.
“There does not appear to be any seasonal factor behind the fall, with our seasonally adjusted estimates also showing a decline of a roughly similar magnitude,” according to the survey’s release.
The survey also found a net 24% of respondents think they are worse off than this time last year.
However, a net 24% expect to be better off financially in a year's time.
NBR staff
Thu, 14 Jul 2011
Thu, 14 Jul 2011
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Consumer confidence falls in July
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