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Australian Consumer Confidence Up a Little, But Doldrums Persist

Por: MarketWatch Business May 22, 2023

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ANZ Senior Economist, Adelaide Timbrell, said the consumer confidence result is still among the worst ten results since January 2020, seven of which have occurred between March and May of 2023. This highlights the impact of cost-of-living pressure and rising interest rates, despite low unemployment and an acceleration in annual wage growth, she said. Having endured a record pace of interest rate increases over the last year, Australian consumers... + full article



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