Australian Monthly Consumer Confidence Decreases in March

Monday, 25 March 2024, 23:37

The Australian consumer confidence index dropped to 84.4 in March, representing a 1.8% decline from the previous month. This indicates weakening sentiment among consumers. The data suggests a cautious outlook on the economy, potentially impacting consumer spending and overall economic activity in Australia.

https://store.livarava.com/e864e71d-eb00-11ee-aeb8-63fd8ea994ba.jpg — Australian Monthly Consumer Confidence Decreases in March

Australian Consumer Confidence Index

Australian monthly consumer confidence fell to 84.4 in March, down from 86.0 in February.

Key Points:

Decline: The index recorded a 1.8% decrease month-on-month.
Weekly Data: Previously, the weekly sentiment number stood at 83.1 (compared to 81.7 prior).
Impact: The decline in consumer confidence may signal concerns about the economic outlook.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Australian Consumer Confidence Index

Key Points:

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