Consumer rate anxiety increasing; sentiment index slides again

12 July 2022

 

Summary: Household sentiment deteriorates for eighth consecutive month in July; “anxiety” around interest rates increasing; four of five sub-indices lower; respondents more concerned by prospects of unemployment. After a lengthy divergence between measures of consumer sentiment and business confidence in Australia which began in 2014, confidence readings of the two sectors converged again in mid-July 2018. Both measures then deteriorated gradually in trend terms, with consumer confidence leading the way....

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