Consumer confidence has slipped slightly, driven by bleak views on economic conditions amid share market volatility.
The ANZ/Roy Morgan weekly consumer confidence index fell 0.2 per cent to 113 in the week ending August 23, after rising to a one-and-a-half-month high the previous week.
ANZ chief economist Warren Hogan said people's views on the economic outlook for the next year are down 5.4 per cent from a year ago.
This is consistent with the Australian equity market, down seven per cent from the previous year.
Mr Hogan said the latest reading was taken before the most recent bout of market volatility, but concerns over China's slowdown were still weighing on sentiment.
"(Now) confidence and consumer spending appear to be vulnerable to further bad news," he said.
"Australia's equity markets have fallen by more than 15 per cent since the peak recorded in March, with more than half that decline happening in August."
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