Saturday, August 9, 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

Should You Add Saffron to Your Daily Routine?

Have you heard of saffron supplements? Well, a saffron...

Local Start-up, OrbitRemit, Continues Business Momentum in Australia

Australia’s and New Zealand’s most-trusted money transfer platform offers...

How Regular Cleaning Can Extend the Life of Your Home Appliances

We rely on our home appliances every day —...

What Is a Diamond Cut Chain? Explained Simply

You might wonder about diamond cut chains. Many people...

Melbourne electrical service providers supporting local business operations

Businesses across Melbourne face a wide range of electrical...

Topics

Should You Add Saffron to Your Daily Routine?

Have you heard of saffron supplements? Well, a saffron...

Local Start-up, OrbitRemit, Continues Business Momentum in Australia

Australia’s and New Zealand’s most-trusted money transfer platform offers...

How Regular Cleaning Can Extend the Life of Your Home Appliances

We rely on our home appliances every day —...

What Is a Diamond Cut Chain? Explained Simply

You might wonder about diamond cut chains. Many people...

Melbourne electrical service providers supporting local business operations

Businesses across Melbourne face a wide range of electrical...

7 Reasons to Buy Secondhand School Uniforms on Rethread for Your Kids

If you’re a parent in Australia, you know that...

Why Team Extension is the Smart Choice for Your Custom Software Development Needs

In today’s fast-paced business world, scaling your software development...

The Best Blinds for Every Room: A Room-by-Room Guide

When it comes to creating a beautiful and functional...

Related Articles

Popular Categories

spot_img