Australian weekly consumer sentiment survey remains very weak

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Up 0.3% on the week to 80.5, well under the 100 neutral level. Pessimists firmly outnumber optimists.

ANZ note:

  • Overall confidence is very weak.
  • The series has been below neutral for over 2yrs.
  • Inflation expectations rose 0.1pts to 5.0%

Earlier re Australia:

  • Here’s a forecast for two more Reserve Bank of Australia rate hikes still to come

This article was written by Eamonn Sheridan at

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