Tuesday, October 7, 2025

Aussie consumer confidence drops: survey

SYDNEY, Jan. 17 (PNA/Xinhua) — Consumer confidence in Australia has dropped, according to latest polls released by ANZ-Roy Morgan on Tuesday.

The figures show a 0.7 drop to 119.3 due to negative feeling of consumers about their own personal finances this year, but general confidence levels remained high.

“At current levels, confidence looks quite robust and continues to suggest a positive outlook for spending,” ANZ senior economist Jo Masters said in a note.

While household views about their finances dropped significantly by 4.8 percent, their outlook on their future finances went up slightly.

This aligned with the surveyed households consensus that the next 12 months will be economically flat, but their confidence in the broader five year outlook rose a tick by 0.6 percent.

The main risk identified for consumer confidence is the upcoming jobs figures for Australia in December, set to be released on Thursday.

“We are expecting decent job growth in December, but confidence remains vulnerable to a weaker than expected report,” Masters said.

Hot this week

De Lata: Peter Francisco Brings His Best-Selling Series to Adelaide

Adelaide-based Filipino artist Peter Francisco unveils his new solo...

PAL Aviation School Pilot Trainees Depart for Australia Flight Training

Philippine Airlines (PAL) Aviation School, relaunched in early 2025...

Another pay rise announced for aged care workers

Aged care workers across Australia will receive another boost...

First home buyers can now access uncapped 5 per cent deposits

The Federal Government has opened a pathway for more...

Remembering Ron Bunker, an Aussie with “Pusong Pinoy”

To the younger or more recent members of Victoria’s...

Topics

De Lata: Peter Francisco Brings His Best-Selling Series to Adelaide

Adelaide-based Filipino artist Peter Francisco unveils his new solo...

PAL Aviation School Pilot Trainees Depart for Australia Flight Training

Philippine Airlines (PAL) Aviation School, relaunched in early 2025...

Another pay rise announced for aged care workers

Aged care workers across Australia will receive another boost...

First home buyers can now access uncapped 5 per cent deposits

The Federal Government has opened a pathway for more...

Remembering Ron Bunker, an Aussie with “Pusong Pinoy”

To the younger or more recent members of Victoria’s...

High-End VR Equipment: 9D Cinema, Flight, Racing and More

In today’s rapidly evolving entertainment landscape, high-end VR equipment...

Why Some 4×4 Accessories Fail in Extreme Terrain

Exploring rugged trails and remote bush tracks offers an...

Another Pay Rise for Aged Care Workers in Australia

Aged care workers around Australia are set to receive...

Related Articles

Popular Categories

spot_img