Little changed on the week, down a touch (lower for the 3rd consecutive week)
– The 4 week moving average is 116.7, down 0.3 of a point
Concerns cited include the uncertainty surrounding the Australian election result, global economy/news (you’d have thought England had sunk into the North Sea if you watch the Australian news TV) and ratings agency S&P revising their outlook on Australia to negative (while scepticism of ratings agencies remains high, its not as acute when they convery "bad news").
Australia – ANZ Roy Morgan Weekly Consumer Confidence, 115.2 (prior 115.8)
