Consumer confidence has fallen to its second lowest level since the global financial crisis as volatility in global share markets and weak local economic data take their toll.
The ANZ/Roy Morgan consumer confidence index fell 1.3 per cent last week to 105.3, following a sharp 5.8 per cent decline the week before.
ANZ chief economist Warren Hogan said the index measuring expectations about Australia's economic future had hit a new seven-year low.
"Australians are more pessimistic about the economic outlook than at the height of the GFC in October 2008," he said.
Share
