Australian Consumer Confidence

Australian consumer confidence dropped 3.1 points to 64.1 following the RBA's interest rate hike to 4.35%. The index is currently at its fourth-lowest level in historical record.

Key Takeaways

• 1.Australian consumer confidence fell by 3.1 points to 64.1 points, reaching its fourth-lowest level since the series began in 1973.
• 2.The sharp decline in confidence follows the Reserve Bank of Australia's (RBA) decision to increase the cash rate to 4.35%.
• 3.Weekly inflation expectations eased to 6.4%, the lowest level since early March, potentially due to falling petrol prices.

Table of Contents

• Contributors
• Contacts
• Bloomberg
• Fall after RBA rate hike
• ANZ Economist, Sophia Angala, commented
• Important notice

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