Australian weekly consumer confidence survey slumps again, to 86.9 (prior 87.7)

ANZ-Roy Morgan Australian Consumer Confidence index

86.9

• prior week 87.7

Below 100 means pessimists outnumber optimists.

ANZ comment:

• still 1.8pts higher than before the RBA cut the cash rate
• decline may be partly attributable to ex-Tropical Cyclone Alfred and its impacts

This article was written by Eamonn Sheridan at www.forexlive.com.