Australian consumer confidence slipping

Sydney, Sep 29 (IANS) There has been a dampening of confidence in Australian consumers after new Prime Minister Malcolm Turnbull took charge, a monthly measure of consumer confidence said on Tuesday.

ANZ-Roy Morgan gauge of consumer confidence, in its report released on Tuesday, said the index tumbled 3.4 percent in the past week, reported Xinhua news agency.

There is uncertainty about the economic outlook and analysis by the International Monetary Fund forecasts Australia’s growth could be frail for a few years.

“While Turnbull’s appointment (after Tony Abbott) was greeted with considerable optimism, the challenges facing Australian households remain front of mind and make it difficult to sustain a lift in confidence,” ANZ’s co-head of Australian economics Felicity Emmett said in Monday’s statement.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here