Splat: Australian consumer confidence hits 3-year lows in December- Australian consumer sentiment fell to the lowest level since August 2011 in December with the Westpac-MI index sliding 5.7% to 91.1. Over the past 6 months the index has fallen 4% while that compared to a year ago is off 13.3%. Reflective of the overall trend, the index has fallen in annualised terms since February this year. (VIEW LINK)
No, pretty much weak across the board. While headlines about an income recession may have amplified the result it's still something that impacts every Australian. Will be interesting to see if sentiment recovers in January.
Not such a good sign leading into Christmas...